2019  Payroll Rates and Bases
Employee Social Security and Medicare 6.20% / 1.45%
Employer Social Security and Medicare 6.20% / 1.45%
Social Security Wage Limit $132,900
Medicare Wage Limit  Unlimited
FUTA (Federal Unemployment Tax Act) taxable wage base  $7,000
FUTA rate  6.0%
FUTA maximum credit    5.4%
Minimum FUTA deposit rate    .6%
*Withhold added Medicare tax rate of .9% on wages over $200,000.
2019  Qualified Retirement Plan Limits
Pretax contributions for 401(k)and SEP plans $19,000
Workers aged 50 and over (Catch-up)  $6,000
Combined employer/employee pay-in limits for all defined contribution plans $56
Annual compensation limit under Sec. 401(s)(17) and Section. 404(1) $280,000
Sec. 408(k)(3)(c) IRA, SEP or
SIMPLE plan limits $280,000
SIMPLE pretax contribution limit $13,000
Workers aged 50 and over (Catch-up)  $3,000

Important Forms

1099-MISC

Per the IRS: File Form 1099-MISC for each person to whom you have paid during the year:

at least $10 in royalties or broker payments in lieu of dividends or tax-exempt interest at least $600 in:

  • rents;
  • services performed by someone who is not your employee;
  • prizes and awards;
  • other income payments;
  • medical and health care payments;
  • crop insurance proceeds;
  • cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish;
  • generally, the cash paid from a notional principal contract to an individual, partnership, or estate;
  • payments to an attorney; or
  • any fishing boat proceeds

Please visit IRS.gov for additional information.

Form W-4

Employee's Withholding Allowance Certificate, including recent updates, related forms and instructions on how to file.

Form I-9

Form I-9 is used for verifying the identity and employment authorization of individuals hired for employment in the United States. 

Form W-9

Provide your  TIN to the person  or business who is required to file an information return with the IRS to report, for example:

  • real estate transactions
  • mortgage interest you paid
  • acquisition or abandonment of secured property
  • cancellation of debt
  • contributions you made to an IRA
  • income paid to you