Massachusetts (MA) - 2020

Massachusetts Effective 1/1/2020

Minimum Wage Massachusetts Federal
Minimum Wage $12.75 $7.25
Minimum Cash Wage (Tipped Employee) $4.95 $2.13
Maximum Tip Credit $7.80 $5.12
State Income Tax Massachusetts Federal
Wage Withholding Tables
Supplemental Wage / Bonus Rate 5.0%
Unemployment Insurance Massachusetts Federal
Maximum 2020 Taxable Earnings (Unchanged from 2019) $15,000
Employee 2020 Deduction None
Employer 2020 Tax Rates(Plus 0.58% solvency assessment and 0.056% workforce training fund surcharge) 0.94 - 14.37%
Standard 2020 New Employer Rate(Plus 0.58% 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 2020 Rate 0.056%

Federal (FED) - 2020

Federal

FICA (MEDICARE) Federal
Maximum Taxable Earnings No Limit
Additional Medicare Tax Withholding on Wages > $200,000 (No Employer Match) 0.90%
Medicare Rate 1.45%
FICA (SOCIAL SECURITY) Federal
Maximum Taxable Earnings (Increased from $132,900 in 2019) $137,700
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%
Health Savings Accounts Federal
Self-Only Contribution Limit (Employee / Employer) (Increased from $3,500 in 2019) $3,550
Family Contribution Limit (Employee / Employer) (Increased from $7,000 in 2019) $7,100
Catch-up Contribution Limit (Employee / Employer) (Unchanged from 2019) $1,000
Mileage Federal
Standard Mileage Rate $0.575
Standard Mileage Rate - Medical/Moving $0.170
Standard Mileage Rate - Charitable $0.140
Minimum Wage Federal
Minimum Cash Wage (Tipped Employee) $2.13
Minimum Wage $7.25
Youth Minimum Wage $4.25
Maximum Tip Credit $5.12
Retirement Plans Federal
Contribution Limit - 401(k) & 403(b) plans (Increased from $19,000 in 2019) $19,500
Catch-up Contribution Limit - 401(k) & 403(b) plans (age 50 or older) (Increase from 6,000 in 2019) $6,500
403(b) Plans [15 year rule may allow additional] $3,000
SIMPLE Plans $13,000
SIMPLE Plans [age 50 or older can contribute additional] $3,000
457(b) Plans $19,500
IRA - Traditional $6,00
IRA - Traditional [age 50 or older can contribute additional] $1,000
IRA - Roth $6,000
IRA - Roth [age 50 or older can contribute additional] $1,000
Supplemental Wage / Bonus Rates Federal
Flat Rate Withholding Method (Unchanged from 2019) 22%
Pay over $1 Million (Unchanged from 2019) 37%

Massachusetts State Resources

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