Florida (FL) – 2019

Florida

Minimum WageFloridaFederal
Minimum Wage$8.46$7.25
Minimum Cash Wage (Tipped Employee)$5.44$2.13
Maximum Tip Credit$3.02$5.12
Youth Minimum Wage4.25*$4.25
State Income TaxFloridaFederal
Wage WithholdingNone
Supplemental Wage / Bonus RateNone
Unemployment InsuranceFloridaFederal
Maximum 2019 Taxable Earnings (Unchanged from 2018)$7,000
Employee 2019 DeductionNone
Employer 2019 Tax Rates0.1 – 5.4%
Standard 2019 New Employer Rate2.70%
Voluntary Contribution PermittedNo

Federal (FED) – 2019

Minimum WageFederal
Youth Minimum Wage$4.25
Maximum Tip Credit$5.12
Minimum Cash Wage (Tipped Employee)$2.13
Minimum Wage$7.25
FICA (MEDICARE)Federal
Medicare Rate1.45%
Additional Medicare Tax Withholding on Wages > $200,000 (No Employer Match)0.90%
Employee / Employer Tax Rate (Unchanged from 2018)1.45%
Maximum Taxable EarningsNo Limit
FICA (SOCIAL SECURITY)Federal
Employee / Employer Tax Rate (Unchanged from 2018)6.20%
Maximum Taxable Earnings (Increased from $128,400 in 2018)$132,900
FUTA (EMPLOYER-PAID)Federal
Normal Net TaxNormal Net Tax
Maximum Credit5.40%
Percent of Taxable Wages6.00%
Maximum Taxable Earnings$7,000
Health Savings AccountsFederal
Catch-up Contribution Limit (Employee / Employer) (Unchanged from 2018)$1,000
Family Contribution Limit (Employee / Employer) (Increased from $6,900 in 2018)$7,000
Self-Only Contribution Limit (Employee / Employer) (Increased from $3,450 in 2018)$3,500
Supplemental Wage / Bonus RatesFederal
Pay over $1 Million (Unchanged from 2018)37%
Flat Rate Withholding Method (Unchanged from 2018)22%

Florida State Resources

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