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Insurance offered through OnPay Insurance Agency, LLC (CA License #0L29422)
Click on your state below to see what's new.
A number of states and the District of Columbia have payroll-related changes that will take effect in the new year. These changes include minimum wage changes, updated state unemployment wage bases, and new paid sick leave laws. A current listing of enacted leave laws can also be found by clicking here.
Updated December 27, 2023
Hooray! No state changes for 2024. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | N/A |
Unemployment Wage Base 2024: $8,000.00
Updated December 12, 2023
Minimum Wage Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Minimum Wage | $10.85 | $11.73 |
Minimum Tipped Wage | Prohibited | Prohibited |
Tip Credit | Prohibited | Prohibited |
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $45,200.00 | $47,100.00 |
Updated December 20, 2023
Minimum Wage Changes – Effective 1/1/2024
Location | 2023 | 2024 | |
---|---|---|---|
Minimum Wage | $13.85 | $14.35 | |
Flagstaff | $16.80 | $17.40 | |
Minimum Tipped Wage | $10.85 | $11.35 | |
Flagstaff | $14.80 | $15.90 | |
Tip Credit | $3.00 | $3.00 | |
Flagstaff | $2.00 | $1.50 |
Unemployment Wage Base 2024: $8,000.00
Updated December 20, 2023
Minimum Wage Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Minimum Wage | $11.00 | $11.00 |
Minimum Tipped Wage | $2.63 | $2.63 |
Tip Credit | $8.37 | $8.37 |
Unemployment Wage Base 2023: $7,000.00
Unemployment Wage Base 2024: $7,000.00
Updated December 12, 2023
Minimum Wage Changes – Effective 1/1/2024
Employer Size | 2023 | 2024 | |
---|---|---|---|
Minimum Wage | 25 or Less Employees | $15.50 | $16.00 |
26 or More Employees | $15.50 | $16.00 | |
Minimum Tipped Wage | 25 or Less Employees | Prohibited | Prohibited |
26 or More Employees | Prohibited | Prohibited |
Unemployment Wage Base 2024: $7,000.00
Updated December 12, 2023
Minimum Wage Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Minimum Wage | $13.65 | $14.42 |
Minimum Tipped Wage | $10.63 | $11.40 |
Tip Credit | $3.02 | $3.02 |
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $20,400.00 | $23,800.00 |
Updated December 20, 2023
Minimum Wage Changes – Effective 1/1/2024
2023 | 2024 | ||
---|---|---|---|
Minimum Wage | $15.00 | $15.69 | |
Minimum Tipped Wage | Bartenders | $8.23 | $8.23 |
Other Tipped Employees | $6.38 | $6.38 | |
Tip Credit | Bartenders | $6.77 | $7.46 |
Other Tipped Employees | $8.62 | $9.31 |
Unemployment Wage Base 2023: $15,000.00
Unemployment Wage Base 2024: $25,000.00
Updated December 27, 2023
Hooray! No state changes for 2024. Effective 1/1/2024
1/1/2023 | 7/1/2023 | 1/1/2024 | |
---|---|---|---|
Minimum Wage | $16.10 | $17.00 | $17.00 |
Tipped Minimum Wage Changes – Bi-annual increase
1/1/2023 | 7/1/2023 | 7/1/2024 | |
---|---|---|---|
Tipped Minimum* | $6.00 | $8.00 | $10.00 |
Tip Credit | $10.10 | $9.00* | $7.00* |
Unemployment Wage Base 2024: $9,000.00
*In November 2022, DC voters approved Initiative 82: legislation that will phase out the use of tipped minimum wage over the course of five years, raising the minimum wage for tipped employees to equal the standard minimum wage by July 1, 2027. Employers should note that the tip makeup and tip credit will be adjusted accordingly throughout this change. The tip credit is projected to decrease to $7.00 on 7/1/24. Check back for future updates.
Updated December 12, 2023
Minimum Wage Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Minimum Wage | $11.75 | $13.25 |
Minimum Tipped Wage | $2.23 | $2.23 |
Tip Credit | $9.52 | $11.02 |
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $10,500.00 | $10,500.00 |
Updated December 27, 2023
Minimum Wage Changes – Effective 9/30/2023
9/30/23 – 9/29/24 | 9/30/2024 | |
---|---|---|
Minimum Wage | $12.00* | $13.00* |
Minimum Tipped Wage | $8.97 | TBA** |
Tip Credit | $3.03 | TBA** |
*Amendment 2 will incrementally increase Florida’s state minimum wage starting in September of 2021, through September of 2026. The state minimum wage will increase at a rate of $1 each year, reaching $15.00 by 2026.
**Minimum tipped and/or tipped credit will be adjusted to equal minimum wage.
Unemployment Wage Base 2024: $7,000.00
Updated December 12, 2023
Hooray! No state changes for 2024. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | N/A |
Unemployment Wage Base 2024: $9,500.00
Updated December 12, 2023
Minimum Wage Changes – Effective 1/1/2024
2023 | 2024 | |
Minimum Wage | $12.00 | $14.00 |
Minimum Tipped Wage | $11.00 | $12.75 |
Tip Credit | $1.00* | $1.25* |
* Tip Credit in Hawaii is permissible if the combined amount the employee receives from the employer and in tips is at least $7.00 more than the applicable minimum wage.
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $56,700.00 | $59,100.00 |
Updated December 12, 2023
Hooray! No minimum wage changes for 2024. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $3.35 |
Tip Credit | $3.90 |
Unemployment Wage Base Changes – Effective 1/1/2023
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $49,900.00 | TBA |
December 27, 2023
Minimum Wage Changes – Effective 1/1/2024*
Location | 2023 | 2024 | |
---|---|---|---|
State of Illinois | Minimum Wage | $13.00 | $14.00 |
Minimum Tipped Wage | $7.80 | $8.40 | |
Tip Credit | $5.20 | $5.60 | |
Chicago (4 – 20 employees) | Minimum Wage | $15.00* | TBA** |
Minimum Tipped Wage | $9.00* | TBA** | |
Tip Credit | $6.00* | TBA** | |
Chicago (21+ employees) | Minimum Wage | $15.80* | TBA** |
Minimum Tipped Wage | $9.48* | TBA** | |
Tip Credit | $6.32* | TBA** | |
Cook County | Minimum Wage | $13.70 | $14.00 |
Minimum Tipped Wage | $8.00 | $8.40 | |
Tip Credit | $5.70 | $5.60 |
*Chicago and Cook County minimum wage changes are in effect from 7/1/23 – 6/30/24
**The minimum wage rate will be adjusted for inflation beginning on July 1, 2023, using the Consumer Price Index (CPI), a figure released by the US Bureau of Labor Statistics.
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $13,271.00 | $13,590.00 |
Updated December 27, 2023
Hooray! No state changes for 2024. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | $5.12 |
Unemployment Wage Base 2024: $9,500.00
Updated December 20, 2023
Hooray! No minimum wage changes for 2024. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $4.35 |
Tip Credit | $2.90 |
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $36,100.00 | $38,200.00 |
Updated December 20, 2023
Hooray! No state changes for 2024. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | $5.12 |
Unemployment Wage Base 2024: $14,000.00
Updated December 19, 2023
Hooray! No minimum wage changes for 2024. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | $5.12 |
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $11,100.00 | $11,400.00 |
Updated January 4, 2024
Hooray! No minimum wage changes for 2024. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | N/A |
Unemployment Wage Base 2023: $7,700.00
Unemployment Wage Base 2024: $7,700.00
Updated December 13, 2023
Minimum Wage Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Minimum Wage | $13.80 | $14.15 |
Minimum Tipped Wage | $6.90 | $7.08 |
Tip Credit | $6.90 | $7.07 |
Unemployment Wage Base 2024: $12,000.00
Updated December 27, 2023
Minimum Wage Changes – Effective 1/1/2024
Applies to | 2023 | 2024 | |
---|---|---|---|
Minimum Wage | (Small Employer – 14 or fewer) | $12.80 | $15.00 |
Tip Credit | $9.17 | $11.37 | |
Minimum Wage | (Large Employer – 15 or more) | $13.25 | $15.00 |
Tip Credit | $9.62 | $11.37 | |
Minimum Tipped Wage | $3.63 | $3.63 | |
Montgomery County (Small Employer – 10 or fewer and certain nonprofit and service providers) | $14.50¹ | $15.00 | |
Montgomery County (Mid-Sized Employer – 11-50 and certain nonprofit and service providers) | $15.00* | $15.00 | |
Montgomery County (Large Employer – 51 or more) | $16.70* | TBA** | |
Prince George’s County (14 employees or fewer) | $12.80 | $13.40 | |
Prince George’s County (15 employees or more) | $13.25 | $14.00 |
¹In effect through December 31, 2023
*Montgomery County minimum wage changes are in effect from 7/1 – 6/30
**The minimum wage rate will be adjusted for inflation beginning on July 1, 2023, using the Consumer Price Index (CPI), a figure released by the US Bureau of Labor Statistics.
Unemployment Wage Base Changes – Effective 1/1/2022
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $8,500.00 | TBA |
Updated December 27, 2023
Hooray! No minimum wage changes. Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Minimum Wage | $15.00 | $15.00 |
Minimum Tipped Wage | $6.75 | $6.75 |
Tip Credit | $8.25 | $8.25 |
Unemployment Wage Base 2024: $15,000.00
Updated December 13, 2023
Minimum Wage Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Minimum Wage | $10.10 | $10.33 |
Minimum Tipped Wage | $3.84 | $3.93 |
Tip Credit | $6.26 | $6.40 |
Unemployment Wage Base 2024: $9,500.00
Updated December 27, 2023
Minimum Wage Changes – Effective 7/1/2023
Employer Size | 2023 | 2024 | |
---|---|---|---|
State of Minnesota | Less than $500,000 in Gross Sales | $8.63 | $8.85 |
$500,000 or more in Gross Sales | $10.59 | $10.85 | |
City of Minneapolis | (Small Employer – 100 or fewer) | $14.50* | Wage rises to $15.57 on 7/1/24 |
(Large Employer – 101 or more) | $15.19 | $15.57 | |
City of St. Paul | (Small Employer – 5 or fewer) | $11.50* | Wage rises to $12.25 on 7/1/24 |
(Small Employer – 6 to 100 employees) | $13.00* | Wage rises to $14.00 on 7/1/24 | |
(Large Employer – 101 or more) | $15.00* | Wage rises to $15.57 on 7/1/24 | |
(Employers with more than 10,000 workers) | $15.19 | $15.57 |
*Effective 7/1/2023 – 6/30/2024
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $40,000.00 | $42,000.00 |
Updated December 27, 2023
Hooray! No state changes for 2023. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | N/A |
Unemployment Wage Base 2024: $14,000.00
Updated December 22, 2023
Minimum Wage Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Minimum Wage | $12.00 | $12.30 |
Minimum Tipped Wage | $6.00 | $6.00 |
Tip Credit | $6.00 | $6.30 |
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $10,500.00 | $10,000.00 |
Updated December 22, 2023
Minimum Wage Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Minimum Wage | $9.95 | $10.30 |
Minimum Tipped Wage | Prohibited | Prohibited |
Tip Credit | Prohibited | Prohibited |
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $40,500.00 | $43,000.00 |
Updated December 22, 2023
Hooray! No state changes for 2023. Here are the current numbers in case you were wondering:
2023 | 2024 | |
---|---|---|
Minimum Wage | $10.50 | $12.00 |
Minimum Tipped Wage | $8.37 | $9.87 |
Tip Credit | $2.13 | $2.13 |
Unemployment Wage Base 2024: $9,000.00*
*LB428 (2019) added language to the Nebraska Employment Security Law in sections 48-648 and 48-649 to 48-649.04 that increases the taxable wage base from $9,000 to $24,000 for Unemployment Insurance (UI) Tax Category 20 employers.
Updated December 22, 2023
Minimum Wage Changes- Effective 7/1/2023*
7/1/2023 – 6/30/2024 | Starting 7/1/2024 | |
---|---|---|
Minimum Wage | $11.25 if no qualifying health benefits offered, $10.25 with qualifying health benefits | $12.00 if no qualifying health benefits offered, $11.00 with qualifying health benefits |
Minimum Tipped Wage | Prohibited | Prohibited |
Tip Credit | Prohibited | Prohibited |
*Wages are scheduled to rise annually each July Learn more
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $40,100.00 | $40,600.00 |
Updated December 21, 2023
Hooray! No state changes for 2024. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $3.27 |
Tip Credit | $3.98 |
Unemployment Wage Base 2024: $14,000.00
Updated December 22, 2023
Minimum Wage Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Minimum Wage | $14.13 | $15.00 |
Minimum Tipped Wage | $5.26 | $5.26 |
Tip Credit | $8.87 | $9.74 |
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $41,100.00 | $42,300.00 |
Updated December 28, 2023
Minimum Wage changes – Effective 1/1/2024
Location | 2023 | 2024 | |
---|---|---|---|
Minimum Wage | State of New Mexico | $12.00 | $12.00 |
Albuquerque (without health benefits or childcare) | $12.00 | $12.00 | |
Albuquerque (with health benefits or childcare) | $12.00 | $12.00 | |
Bernalillo County | $12.00 | $12.00 | |
Las Cruces | $12.00 | $12.36 | |
Santa Fe City | $14.03 | $14.03* | |
Santa Fe County | $14.03 | $14.03* | |
Minimum Tipped Wage | State of New Mexico | $3.00 | $3.00 |
Albuquerque | $7.20 | $7.20 | |
Las Cruces | $4.78 | $4.95 | |
Santa Fe County | $3.88 | $4.21* | |
Tip Credit | State of New Mexico | $8.70 | $9.00 |
*Santa Fe City and County rates are subject to a Consumer Price Index-based inflationary adjustment on March 1 of each year.
Unemployment Wage Base Changes – Effective 1/4/2023
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $30,100.00 | $31,700.00 |
Updated December 27, 2023
Minimum Wage Changes – Effective 1/1/2024
Location | 2023 | 2024 |
---|---|---|
State of New York | $14.20 | $15.00 |
NYC Large Employer – 11 or More Employees | $15.00 | $16.00 |
NYC Small Employer – 10 or Less Employees | $15.00 | $16.00 |
Long Island & Westchester | $15.00 | $16.00 |
Fast Food Employees | $15.00 | $15.00 |
NYC Fast Food Employees | $15.00 | $15.00 |
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $12,300.00 | $12,500.00 |
Updated December 27, 2023
Hooray! No minimum wage changes for 2024. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | $5.12 |
Unemployment Wage Base Changes – Effective 1/10/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $29,600.00 | $31,400.00 |
Updated December 14, 2023
Hooray! No minimum wage changes for 2024. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $4.86 |
Tip Credit | $2.39 |
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $40,800.00 | $43,800.00 |
Updated December 22, 2023
Minimum Wage Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Minimum Wage | $10.10 | $10.45 |
Minimum Tipped Wage | $5.05 | $5.25 |
Tip Credit | $5.05 | $5.20 |
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $9,000.00.00 | $9,000.00.00 |
Updated December 22, 2023
Hooray! No minimum wage changes for 2024. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | $5.12 |
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $25,700.00 | $27,000.00 |
Updated December 27, 2023
Minimum Wage Changes – Effective 7/1/2023
Location | 7/1/2023 | 7/1/2024* | |
---|---|---|---|
Minimum Wage | $14.20 | TBA | |
Portland Metro | $15.45 | TBA | |
Non-urban Counties | $13.20 | TBA | |
Minimum Tipped Wage | Prohibited | Prohibited |
*The minimum wage rate will be adjusted for inflation beginning on July 1, 2024, using the Consumer Price Index (CPI), a figure released by the US Bureau of Labor Statistics.
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $50,900.00 | $52,800.00 |
Updated December 22, 2023
Hooray! No state changes for 2024. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.83 |
Tip Credit | $4.42 |
Unemployment Wage Base 2024: $10,000.00
Updated December 27, 2023
Minimum Wage Changes – Effective 1/1/2024
2023 | 2024 | |
Minimum Wage | $13.00 | $14.00 |
Minimum Tipped Wage | $3.89 | $3.89 |
Tip Credit | $9.11 | $10.11 |
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $28,200.00 | $29,200.00 |
Updated December 27, 2023
Hooray! No state changes for 2024. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | N/A |
Unemployment Wage Base 2024: $14,000.00
Updated December 27, 2023
Minimum Wage Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Minimum Wage | $10.80 | $11.20 |
Minimum Tipped Wage | $5.40 | $5.60 |
Tip Credit | $5.40 | $5.60 |
Unemployment Wage Base 2024: $15,000.00
Updated December 27, 2023
Hooray! No state changes for 2024. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | N/A |
Unemployment Wage Base Changes – Effective 1/1/2023
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $7,000.00 | TBA |
Updated December 27, 2023
Hooray! No state changes for 2024. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | $5.12 |
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $9,000.00 | $9,000.00 |
Updated December 27, 2023
Hooray! No minimum wage changes for 2024. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | $5.12 |
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $44,800.00 | $47,000.00 |
Updated December 27, 2023
Minimum Wage Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Minimum Wage | $13.18 | $13.67 |
Minimum Tipped Wage | $6.59 | $6.84 |
Tip Credit | $6.59 | $6.83 |
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $13,500.00 | $14,300.00 |
Updated December 27, 2023
Hooray! No state changes for 2024. Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Minimum Wage | $12.00 | $12.00 |
Minimum Tipped Wage | $2.13 | $2.13 |
Tip Credit | $9.87 | $9.87 |
Unemployment Wage Base 2024: $8,000.00
Updated December 27, 2023
Minimum Wage Changes – Effective 1/1/2024
Location | 2023 | 2024 | |
---|---|---|---|
Minimum Wage | $15.74 | $16.28 | |
Seattle – Large Employers (501 or more employees in US) | $18.69 | $19.97 | |
Seattle – Small Employers (500 or fewer) without Medical Benefits | $17.27 | $18.69 | |
Seattle – Small Employers (500 or fewer) with Medical Benefits | $16.50 | $17.25 | |
Tacoma | $15.74 | $16.28 | |
Minimum Tipped Wage | Prohibited | Prohibited | Prohibited |
Tip Credit | Prohibited | Prohibited | Prohibited |
Unemployment Wage Base Changes – Effective 1/1/2023
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $67,600.00 | $68,500 |
Updated February, 20, 2024
Hooray! No state changes for 2024. Here are the current numbers in case you were wondering:
Minimum Wage | $8.75 |
Minimum Tipped Wage | $2.62 |
Tip Credit | $6.13 |
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $9,000.00 | $9,521.00 |
Updated December 27, 2023
Hooray! No state changes for 2024. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.33 |
Tip Credit | $4.92 |
Unemployment Wage Base 2024: $14,000.00
Updated December 27, 2023
Hooray! No minimum wage changes for 2024. Here are the current numbers in case you were wondering:
Minimum Wage | $7.25 |
Minimum Tipped Wage | $2.13 |
Tip Credit | $5.12 |
Unemployment Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Unemployment Wage Base | $29,100.00 | $30,900.00 |
Social Security Wage Base Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Social Security Wage Base | $160,200.00 | $168,600.00 |
FSA Limit Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Health FSA Limit | $3,050.00 | $3,050.00 |
Dependent Care Limit | $5,000.00 | $5,000.00 |
HSA Limit Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Individual HSA Limit | $3,850.00 | $4,150.00 |
Family HSA Limit | $7,750.00 | $8,300.00 |
HSA Catch-up Contribution (age 55+) | $1,000.00 | $1,000.00 |
Individual HDHP Out-Of-Pocket Max | $7,050.00 | $8,050.00 |
Family HDHP Out-Of-Pocket Max | $15,000.00 | $16,100.00 |
Mileage Reimbursement Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Business Miles Driven | $0.655 | $0.67 |
Moving Mileage Reimbursement | No longer allowed | No longer allowed |
Transportation Benefits – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Parking Allowance – Per Month | $300.00 | $315.00 |
Transit Allowance – Per Month | $300.00 | $315.00 |
Qualified Small Employer HRA (QSEHRA) – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Single – Monthly | $487.50 | $512.50 |
Family – Monthly | $983.00 | $1037.50 |
Single – Annual | $5,450.00 | $6,150.00 |
Family – Annual | $11,800.00 | $12,450.00 |
401(k), 403(b), 457 Plan Limit Changes – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Maximum employee elective deferral | $22,500.00 | $23,000.00 |
Employee catch-up contribution (if age 50 or older by year-end) | $7,500.00 | $7,500.00 |
Employee compensation limit for calculating contributions | $330,000.00 | $345,000.00 |
*The $7,500 catch-up contribution limit for participants age 50 or older applies from the start of the year to those turning 50 at any time during the year. |
IRA Contribution Limits – Effective 1/1/2024
2023 | 2024 | |
---|---|---|
Traditional IRA | $6,500.00 | $7,000.00 |
Roth IRA | $6,500.00 | $7,000.00 |
Employee catch-up contribution (if age 50 or older by year-end) | $1,000.00 | $1,000.00 |
*The $1,000 catch-up contribution limit for participants age 50 or older applies from the start of the year to those turning 50 at any time during the year. |
Check out our guide to the payroll process for more information, or try out our employer payroll calculator to see how these taxes are applied in practice.