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July 26, 2021
2021-1413

Our US employment tax rates and limits publication is updated through July 15, 2021

We are pleased to announce we have updated our annual publication of key federal and state rates and limits is updated for 2021. The updated guide reflects numerous changes in the 2021 state income tax withholding rates/tables due to retroactive legislation enacted this year.

You can download the report here.

Our report, US employment tax rates and limits for 2021 (rev. 7-15-2021), includes:

  • Social Security wage base for 2021
  • Qualified pension plan limits for 2021
  • Health Savings Account limits for 2020 and 2021
  • Fringe-benefit inflation adjustments and Form W-2 penalties for 2021
  • Federal mileage rates and luxury vehicle limit for 2021
  • Per diem rates under high-low substantiation method for 2021
  • 2020 FUTA credit reduction
  • State unemployment insurance wage base limits for 2019 through 2021
  • Disability and paid family leave insurance wage base and rates for 2021
  • Federal income tax withholding for 2021
  • State income tax withholding tables and supplemental withholding rates for 2021

Note that federal and state rates and limits can change throughout the year. Follow us regularly for updates.

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

For the 2020 final rates and limits, view our publication, US employment tax rates and limits for 2020.

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Contact Information
For additional information concerning this Alert, please contact:
 
Workforce Tax Services - Employment Tax Advisory Services
   • Kristie Lowery (kristie.lowery@ey.com)
   • Kenneth Hausser (kenneth.hausser@ey.com)
   • Debera Salam (debera.salam@ey.com)

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