Resources

Resources

Federal Links
Social Security (Old Age, Survivors, and Disability Insurance)
  • 6.2% on $176,100 for 2025 (employee)
  • 6.2% on $176,100 for 2025 (employer)
  • 12.4% on $176,100or 2025 (self-employed)
Medicare (Federal hospital insurance program)
  • 1.45% on all wages (employee & employer)
  • 0.90% additional on all wages above $200,000 (employee only)
401(k) and 403(b) limit
  • $23,500 for 2025, those age 50 and over can contribute up to $31,000
Simple IRA Limit
  • $16,500 for 2025 those age 50 and over can contribute up to $20,000
Federal Minimum Wage
  • $7.25 per hour effective 7/24/09
IRS Supplemental Tax Rate
  • 22% for federal income tax (FIT) on wages up to $1,000,000
  • 37% for federal income tax (FIT) on wages exceeding $1,000,000
Health Savings Account (HSA)
  • $4,300 for Single
  • $8,550 for Family
  • $1,000 Catch-Up for those 55 and over
State Links