Minnesota (MN) – 2019
Minnesota
| Minimum Wage – If annual gross volume of sales are $500,000 or more: | Minnesota | Federal |
|---|---|---|
| Minimum Wage | $9.86 | $7.25 |
| Minimum Cash Wage (Tipped Employee) | $9.86 | $2.13 |
| Maximum Tip Credit | None | $5.12 |
| Youth Minimum Wage | $8.04 | $4.25 |
| Minimum Wage – If annual gross volume of sales are less than $500,000: | Minnesota | Federal |
| Minimum Wage | $8.04 | |
| Minimum Cash Wage (Tipped Employee) | $8.04 | |
| Maximum Tip Credit | None | |
| Youth Minimum Wage | $8.04 | |
| State Income Tax | Minnesota | Federal |
| Wage Withholding | Tables | |
| Supplemental Wage / Bonus Rate | 6.25% | |
| Unemployment Insurance | Minnesota | Federal |
| Maximum 2019 Taxable Earnings (Increased from $32,000 in 2018) | $34,000 | |
| Employee 2019 Deduction | None | |
| Employer 2019 Tax Rates (Includes 0.1% Workforce Development Assessment) | 0.2 – 9.1% | |
| Standard 2019 New Employer Rate (Plus 0.1% Workforce Development Assessment) | Industry Average | |
| Voluntary Contribution Permitted | Yes |
Federal (FED) – 2019
| Minimum Wage | Federal |
|---|---|
| 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 Rate | 1.45% |
| Additional Medicare Tax Withholding on Wages > $200,000 (No Employer Match) | 0.90% |
| Employee / Employer Tax Rate (Unchanged from 2018) | 1.45% |
| Maximum Taxable Earnings | No 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 Tax | Normal Net Tax |
| Maximum Credit | 5.40% |
| Percent of Taxable Wages | 6.00% |
| Maximum Taxable Earnings | $7,000 |
| Health Savings Accounts | Federal |
| 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 Rates | Federal |
| Pay over $1 Million (Unchanged from 2018) | 37% |
| Flat Rate Withholding Method (Unchanged from 2018) | 22% |
Minnesota State Resources
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