Tax News Update    Email this document    Print this document  

May 18, 2022
2022-0800

Our US employment tax rates and limits publication is updated through May 2, 2022

We are pleased to announce we have updated our annual publication of key federal and state rates and limits for 2022. The updated guide reflects changes in the 2022 state income tax withholding rates/tables and state unemployment insurance wage bases and tax rates.

You can download the report here.

Our report, US employment tax rates and limits for 2022 (rev. 5-2-2022), includes:

  • Social Security wage base for 2022
  • Qualified pension plan limits for 2022
  • Health Savings Account limits for 2021 and 2022
  • Fringe-benefit inflation adjustments and Form W-2 penalties for 2022
  • Federal mileage rates and luxury vehicle limit for 2022
  • Per-diem rates under high-low substantiation method for 2022
  • 2021 FUTA credit reduction
  • State unemployment insurance wage base limits and tax rates for 2022
  • Disability and paid family leave insurance wage base and rates for 2022
  • Federal income tax withholding for 2022
  • State income tax withholding tables and supplemental withholding rates for 2022

Note that federal and state rates and limits can change throughout the year.

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.

For the 2021 final rates and limits, view our publication, US employment tax rates and limits for 2021.

———————————————

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)

———————————————
ATTACHMENT

EY Payroll News Flash

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2024, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement