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2021 Rates & Limits

Use this checklist for 2021 that shows the rates and contributions limits for FICA, minimum wage, 401K and IRA Retirement, and Health Savings Accounts (HSA).

Payroll

  • Employee FICA – 6.2%
  • Employer FICA – 6.2%
  • Social Security Wage Base – $142,800
  • EE FICA Tax paid in – $8,537.40
  • ER Max FICA Tax paid in – $8,537.40
  • Standard Business Mileage – $.56
  • PA State Tax Rate 3.07%
  • Minimum Wage – $7.25 (Federal)
  • Minimum Wage – $8.75 (DE)
  • Minimum Wage – $10.00 (NJ)

Retirement

  • 401K/403B Contribution – $19,500
    • Catch-up – $6,500
  • Simple IRA – $13,500
    • Catch Up – $3,000
  • IRA & Roth IRA – $6,000
    • Catch Up – $1,000

Health Benefits

  • HSA Contributions Employee Only – $3,600
  • HSA Contributions Family Coverage – $7,200
  • HSA Catch Up Amount – $1,000