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.
Important Forms and Documents
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 |