Massachusetts (MA) - 2021

Massachusetts Effective 1/1/2021

Minimum Wage Massachusetts Federal
Minimum Wage $13.50 $7.25
Minimum Cash Wage (Tipped Employee) $5.55
Maximum Tip Credit $7.95 $5.12
State Income Tax Massachusetts Federal
Wage Withholding Tables
Supplemental Wage / Bonus Rate 5.00%
Unemployment Insurance Massachusetts Federal
Maximum 2020 Taxable Earnings (Unchanged from 2019) $15,000
Employee 2020 Deduction None
Employer 2020 Tax Rates (Plus 0.69% solvency assessment and 0.056% workforce training fund surcharge) 0.83 - 12.65%
Standard 2020 New Employer Rate (Plus 0.76% solvency assessment and 0.056% workforce training fund surcharge) 2.42%
Employer Medical Assistance Contribution 2020 Rates (0.12% fourth year of liability; 0.24% fifth year of liability; and 0.34% sixth year or later of liability) 0.12 - 0.34%
Voluntary Contribution Permitted Yes
Workforce Training Fund 2021 Rate 0.056%

Federal (FED) - 2021

Minimum Wage Federal
Minimum Wage $7.25
Minimum Cash Wage (Tipped Employee) $2.13
Maximum Tip Credit $5.12
Youth Minimum Wage $4.25
FICA (MEDICARE) Federal
Maximum Taxable Earnings No Limit
Medicare Rate 1.45%
Additional Medicare Tax Withholding on Wages > $200,000 (No Employer Match) 0.90%
FICA (SOCIAL SECURITY) Federal
Maximum Taxable Earnings (Increased from $137,700 in 2020) $142,800
Employee / Employer Tax Rate (Unchanged from 2019) 6.20%
FUTA (EMPLOYER-PAID) Federal
Maximum Taxable Earnings $7,000
Percent of Taxable Wages 6.00%
Maximum Credit 5.40%
Normal Net Tax 0.60%
Supplemental Wage / Bonus Rates Federal
Flat Rate Withholding Method (Unchanged from 2020) 22%
Pay over $1 Million (Unchanged from 2020) 37%
Health Savings Accounts Federal
Self-Only Contribution Limit (Employee / Employer) (Increased from $3,550 in 2020) $3,600
Family Contribution Limit (Employee / Employer) (Increased from $7,100 in 2020) $7,200
Catch-up Contribution Limit (Employee / Employer) (Unchanged from 2020) $1,000
Pension Plans Federal
Contribution Limit - 401(k) & 403(b) plans (Unchanged from 2020) $19,500
Catch-up Contribution Limit - 401(k) & 403(b) plans (age 50 or older) (Increase from 6,000 in 2019) $6,500

Massachusetts State Resources

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