2021 Updated Payroll Tax Facts
below are updated tax facts for 2021 to reference for planning your year.
Employee Taxes
| Tax Type | Percentage | Wage Base | Max Tax |
| OASDI | 6.20% | $142,800 | $8,853.60 |
| Medicare | 1.45% | Unlimited | Unlimited |
| Federal W/H | Based on W-4 | Subject to wages | Unlimited |
| NYS State W/H | Based on IT-2104 | Subject to wages | Unlimited |
| NYS DBL-Optional | 0.50% | $120.00/week | $0.60/week |
| NY Paid Family Leave (NY PFL) |
0.511% | $75,408.84 | $385.34 annually |
| Additional Medicare Tax effective 2013 | 0.9% on wages in excess of $200,000 in a calendar year |
Employer Taxes
| Tax Type | Percentage | Wage Base | Max Tax |
| OASDI | 6.20% | $142,800.00 | $8,853.60 |
| Medicare | 1.45% | Unlimited | Unlimited |
| FUI Net Rate | 0.60% (as of 7/1/11) | $7,000.00 | $42.00 |
| NYS SUI Lowest Rate | 0.6% | $11,400.00 | Based on rate |
| NYS SUI Highest Rate | 7.9% | $11,400.00 | Based on rate |
| NYS New Employer SUI Rate | 3.2% | $11,400.00 | Based on rate |
*Note: Updated SUI information is released annually in March.
| Plan Type | Regular | Catch-up | Annual Compensation Limit |
| 401K Limit | $19,500.00 | $6,500.00 | $280,000.00 |
| Simple Limit | $13,500.00 | $3,000.00 | $280,000.00 |
HSA Information
HSA Single Contribution Limit (Under 55 years old): $3,600.00
HSA Family Contribution Limit (Under 55 years old): $7,200.00
HSA Catch-up Contributions: $1,000,00 ($2,000 if spouses are 55 or older)
High Deductible Health Plan Annual Deductible Minimum: $1,400.00 ($2,800.00 for famil
FSA/Dependent Care Information
Federal Mandated Medical FSA Limit: $2,750.00
Federal Dependent Care Limit: $5,000.00
OTHER
Mileage Rate: 57.5 cents per mile effective 1/1/2020
Supplemental Tax Rates: 22% Federal and 9.62% New York State
Minimum Wage: $12.50 per hour effective 12/31/2020 (varies by location)
Minimum Wage for Tipped Employees: $8.35 per hour effective 12/31/2020
Executive & Administration Exemption Minimum Weekly Salary: $937.00 effective 12/31/2020