Use this checklist for 2019 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 – $132,900
- EE FICA Tax paid in – $8,239.80
- ER Max FICA Tax paid in – $8,239.80
- Standard Business Mileage – $.58
- PA State Tax Rate 3.07%
- Minimum Wage – $7.25 (Federal)
- Minimum Wage – $8.25 (DE)
- Minimum Wage – $8.85 (NJ)
Retirement
- 401K/403B Contribution – $19,000
- Catch-up – $6,000
- Simple IRA – $13,000
- Catch Up – $3,000
- IRA & Roth IRA – $6,000
- Catch Up – $1,000
Health Benefits
- HSA Contributions Employee Only – $3,500
- HSA Contributions Family Coverage – $7,000
