We are pleased to announce that we have updated our 2020 annual publication of key federal and state rates and limits to reflect updates to the 2020 state unemployment insurance wage bases and state income tax withholding rates. Included in revised publication, US employment tax rates and limits for 2020 (rev. 2-1-2020), you will find:

• Social Security wage base for 2020
• Qualified pension plan limits for 2020
• Health Savings Account limits for 2019 and 2020
• Fringe-benefit inflation adjustments and Form W-2 penalties for 2020
• Federal mileage rates and luxury vehicle limit for 2020
• Per diem rates under high-low substantiation method for 2020
• 2019 FUTA credit reduction
• State unemployment insurance wage base limits for 2018 through 2020
• Disability and paid family leave insurance wage base and rates for 2020
• Federal income tax withholding for 2020
• State income tax withholding tables and supplemental withholding rates for 2020

Note that federal and state rates and limits can change throughout the year. The amounts shown here were current as of February 1, 2020. Follow us throughout the year for updates.

For the 2019 final rates and limits, view our publication, US employment tax rates and limits for 2019.

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EY Payroll News Flash

US employment tax rates and limits for 2020