Montana (MT) – 2022


Minimum Wage – Annual Sales exceed $110,000MontanaFederal
Minimum Wage$9.20
Minimum Cash Wage (Tipped Employee)$9.20
Maximum Tip CreditNone
State Income TaxMontanaFederal
Wage WithholdingTables
Supplemental Wage / Bonus Rate6.00%
Unemployment InsuranceMontanaFederal
Maximum 2022 Taxable Earnings (Increased from $35,300 in 2021)$38,100
Employee 2022 DeductionNone
Employer 2022 Tax Rates(Plus 0.13% or 0.18% administrative fund tax)0.00 – 6.12%
Standard 2022 New Employer Rate(plus 0.18% administrative fund tax)1.00 – 2.30%
Voluntary Contribution PermittedNo

Federal (FED) – 2022

Minimum WageFederal
Minimum Wage$7.25
Medicare Rate1.45%
Additional Medicare Tax Withholding on Wages > $200,000 (No Employer Match)2.35%
Maximum Taxable EarningsNo Limit
Maximum Taxable Earnings (Increased from $142,800 in 2021)$147,000
Employee / Employer Tax Rate (Unchanged from 2019)6.20%
Health Savings AccountsFederal
Catch-up Contribution Limit (Employee / Employer) (Unchanged from 2021)$1,000
Pension PlansFederal
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

Montana State Resources

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