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Federal (FED) - 2022

Minimum Wage Federal
Minimum Wage $7.25
FICA (MEDICARE) Federal
Medicare Rate 1.45%
Additional Medicare Tax Withholding on Wages > $200,000 (No Employer Match) 2.35%
Maximum Taxable Earnings No Limit
FICA (SOCIAL SECURITY) Federal
Maximum Taxable Earnings (Increased from $142,800 in 2021) $147,000
Employee / Employer Tax Rate (Unchanged from 2019) 6.20%
FUTA (EMPLOYER-PAID) Federal
Supplemental Wage / Bonus Rates Federal
Health Savings Accounts Federal
Pension Plans Federal
Catch-up Contribution Limit - 401(k) & 403(b) plans (age 50 or older) (Increase from 6,000 in 2019) $6,500
Contribution Limit - 401(k) & 403(b) plans (Increased from $19,500 in 2021) $20,500

Need a Tax Form?

You can download some of the most common tax related forms here.