2021 Payroll Tax Rates and Limits



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FEDERAL

Social Security - Employee
Taxable Limit $142,800
Tax Rate 6.2%
Tax Limit $8,853.60
   
Medicare - Employee
Taxable Limit Unlimited
Tax Rate:  
Up to $200,000 1.45%
Over $200,000 2.35%
Social Security - Employer
Taxable Limit $142,800
Tax Rate 6.2%
   
   
Medicare - Employer
Taxable Limit Unlimited
Tax Rate 1.45%
FUTA - Employer
Taxable Limit $7,000
Tax Rate 0.6%*
Tax Limit $42
*rate may be subject to additional
1.5% at year-end

 

CALIFORNIA

SDI - Employee
Taxable Limit $128,298
Tax Rate 1.2%
Tax Limit $1,539.58
SUI - Employer
Taxable Limit $7,000
Tax Rate Varies by Employer
   
Employment Training Tax (ETT) - Employer
Taxable Limit $7,000
Tax Rate 0.1%
Tax Limit $7

 

401(k) Contributions
Under Age 50 $19,500
Age 50 and Over $26,000
Business Mileage Rate
Business $.56/mile
Medical $.16/mile
Charitable $.14/mile