New York State Facts

New York Final Paycheck Law
Fired: The final paycheck is due by the next regular payday. If the employee so requests, the wages must be mailed.
Quit: The final paycheck is due by the next regular payday. If the employee so requests, the wages must be mailed.
New York Direct Deposit Law
Can you force direct deposit: No
New York Minimum Wage
Minimum Wage $13.20
Minimum Cash Wage(Tipped Food Service Worker) $8.80
New York State Income Tax
Wage Withholding Tables
New York Unemployment Insurance
Maximum 2022 Taxable Earnings(Increased from $11,800 in 2021) $12,000
Employee 2022 Deduction None
Employer 2022 Tax Rates(Includes 0.075% Re-employment Service Fund rate) 2.1 – 9.9%
Standard 2022 New Employer Rate(Includes 0.075% Re-employment Service Fund rate) 4.10%
New York Mandated Retirement Plan

New York Secure Choice Savings Plan

No implementation scheduled as of now.

Federal Tax Facts

Federal Minimum Wage Effective 7/24/2009

Federal Minimum Wage
Minimum Wage $7.25
Minimum Cash Wage(Tipped Employee) $2.13
Youth Minimum Wage $4.25
FICA (Medicare)
Maximum Taxable Earnings No Limit
Employee / Employer Tax Rate (Unchanged from 2019) 1.45%
Additional Medicare Tax Withholding on Wages > $200,000(No Employer Match) 0.90%
FICA (Social Security)
Maximum Taxable Earnings (Increased from $142,800 in 2021 $147,000
Employee / Employer Tax Rate(Unchanged from 2021) 6.20%
FUTA (Employer-Paid)
Maximum Taxable Earnings $7,000
Health Savings Accounts
Self-Only Contribution Limit (Employee / Employer)(Increased from $3,600 in 2021) $3,650
Family Contribution Limit (Employee / Employer)(Increased from $7,200 in 2021) $7,300
Catch-up Contribution Limit (Employee / Employer)(Unchanged from 2021) $1,000
Pension Plans
Contribution Limit – 401(k) & 403(b) plans(Increased from $19,500 in 2021) $20,500
Catch-up Contribution Limit – 401(k) & 403(b) plans (age 50 or older) (Unchanged from 2021) $6,500

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