New York (NY) – 2022

New York

Minimum WageNew YorkFederal
Minimum Wage13.20$7.25
Minimum Cash Wage (Tipped Food Service Worker)8.80
Maximum Tip Credit (Tipped Food Service Worker)4.40
State Income TaxNew YorkFederal
Wage WithholdingTables
Supplemental Wage / Bonus Rate11.70%
Unemployment InsuranceNew YorkFederal
Maximum 2022 Taxable Earnings (Increased from $11,800 in 2021)$12,000
Employee 2022 DeductionNone
Employer 2021 Tax Rates(Includes 0.075% Re-employment Service Fund rate)2.1 – 9.9%
Standard 2021 New Employer Rate (Includes 0.075% Re-employment Service Fund rate)4.10%
Voluntary Contribution PermittedYes
Disability InsuranceNew YorkFederal
Employee Deduction(Up to $0.60 per week)0.50%
Employer ContributionDifference between benefit cost and employee contribution
Family Leave Insurance0.511% of employee’s wages, up to annual maximum of $423.71

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

New York State Resources

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