[Infographic] 2015 Wage and Tax Changes

2015 WAGE TAX CHANGES FOR US & TERRITORIES # OF STATES (& TERRITORIES) 24 WITH IIPDATED MIN. WAGE MIN. WAGE STATS FEDERAL $7.25 29 19 STATES &1 Territory STATES & 1 Tomitary STATES &1 Teritory have a mininum wage higher than the federal wage. have a mininum wage equal to the federal wage. have a mininum wage less than the federal wage. *PUERTO RICO $7.25/hour for employees covered by the FLSA $5.08/hour for employees not covered by the FLSA FEDERAL INCREASES Changes All States & Territories Will See: $118,500 $18,000 $12,500 +$1,500 +$500 +$500 Social Security taxable wage base (per employee) was raised by $1,500. Pension limits for 401(k), 403(b), 457 & Roth 401 (k) plans were raised by $500. Pension limits for SIMPLE IRA plans were raised by $500. STATE UNEMPOYMENT INSURANCE RISING: Max Wages Subject to UC Tax AK MN MT ND NV NY OK OR PA RI SO SD UT I VT WA WY Your 2015 Blueprint DOWNLOAD Your Free Resource PrimePay.com/2015TaxGuide 国 2015 Find your state-by-state 2015 Quick Wage & Tax Guide at the link above. P PRIMEPAY. SOURCE irs.gov primepay.com