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August 27, 2024
2024-1608

Our US employment tax rates and limits report for 2024 is updated through August 25, 2024

The 2024 edition of our US employment tax rates and limits report is now updated through August 25, 2024, to reflect changes in state paid family and medical leave insurance, state unemployment insurance and state income tax rates.

You can download the updated report here.

Our report, US employment tax rates and limits for 2024 includes:

  • Social Security wage base for 2024
  • Qualified pension plan limits for 2023 and 2024
  • Health Savings Account limits for 2023 and 2024
  • Fringe-benefit inflation adjustments and Form W-2 penalties for 2024
  • Federal mileage rates and luxury vehicle limits for 2024
  • Per diem rates under high-low substantiation method for 2024
  • 2022 and 2023 federal unemployment insurance (FUTA) credit reduction
  • State unemployment insurance wage base limits and tax rates for 2024
  • Disability and paid family leave insurance wage base and rates for 2024
  • Federal income tax withholding for 2024
  • State income tax withholding and supplemental withholding rates for 2024 with links to the most current withholding formulas

See also our previous year publications: US employment tax rates and limits for 2023, US employment tax rates and limits for 2022 and US employment tax rates and limits for 2021.

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Contact Information

For additional information concerning this Alert, please contact:

Workforce Tax Services - Employment Tax Advisory Services

Published by NTD’s Tax Technical Knowledge Services group; Andrea Ben-Yosef, legal editor
 

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