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 |
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