Rates and Limits



2017 Annual rates

  • Social Security Rates: 6.2%
  • Medicare Rates: 1.45% (same for Employer and Employee)
  • FUTA Taxable Wage Base: $7,000
  • FUTA Rate: 6%
  • WA Employment Security Wage Limit: $45,000
  • WA State Minimum Wage Limit: $11.00 per hour

IRS Payroll Forms

2017 Business Mileage

  • Business Mileage Rate*: $.535 per mile
  • *Can be used only if taxpayer owns/leases a passenger auto, van, pickup, or panel truck and up to 4 taxis used for hire on which no § 179 or depreciation was taken.

2017 Qualified Retirement Plan Limits

  • Pretax contributions for 401(k) and SEP plans and 403(b) annuities: $18,000
  • Workers aged 50 and over (catch-up): $6,000
  • Pretax contributions for Simple plans: $12,500
  • Workers aged 50 and over (catch-up) for Simple Plans: $3,000

Important IRS Links & Phone Numbers