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Access the most up-to-date payroll information, resources, and tools!
Here at Payroll Direct, we are constantly searching for new ways to help our clients make their payroll processes more efficient by providing useful resources free of cost. From tax rate charts and articles to instructional videos and FAQs, you’ll find dozens of helpful and relevant resources below! This page is updated regularly so be sure to check back often for the most current information.
Current Tax Rates/Limits
Social Security / Medicare
|Max Taxable Earnings||$142,800.00||No Limit|
|Employee / Employer %||6.2% / 6.2%||*1.45%|
*Additional employee Medicare tax of 0.9% on individuals earning more than $200,000
MN Unemployment Insurance (MNSUI)
|MN Taxable Wage Base||$35,000|
401K / Retirement Deferral Amounts
|Max 401(k)/403(b) Elective Amount||$19,500.00|
|Catch-Up Contributions (50+)||$6,500.00|
|SIMPLE Plan Employee Account||$13,500.00|
|SIMPLE Plan Catch-Up (50+)||$3,000.00|