Connecticut (CT) – 2020
Connecticut
Minimum Wage | Connecticut | Federal |
---|---|---|
Minimum Wage | $11.00 | $7.25 |
Minimum Cash Wage (Tipped): Tipped hotel or restaurant employees only | $6.38 | |
Minimum Cash Wage (Tipped): Tipped bartenders only | $8.23 | |
Minimum Cash Wage (Tipped): All other tipped employees | $10.65 | |
Maximum Tip Credit (Tipped): Tipped hotel or restaurant employees only | $4.62 | |
Maximum Tip Credit (Tipped): Tipped bartenders only | $2.77 | |
Maximum Tip Credit (Tipped): All other tipped employees | $0.35 | |
Youth Minimum Wage | $10.10 | $4.25 |
State Income Tax | Connecticut | Federal |
Wage Withholding (Net of exemption and credit table) | Wage % | |
Supplemental Wage / Bonus Rate | No Provision | |
Unemployment Insurance | Connecticut | Federal |
Maximum 2020 Taxable Earnings (Unchanged from 2019) | $15,000 | |
Employee 2020 Deduction | None | |
Employer 2020 Tax Rates(Includes 1.4% fund solvency surtax) | 1.9 – 6.8% | |
Standard 2020 New Employer Rate | 3.20% | |
Voluntary Contribution Permitted | No |
Federal (FED) – 2020
Minimum Wage | Federal |
---|---|
Maximum Tip Credit | $5.12 |
Youth Minimum Wage | $4.25 |
Minimum Wage | $7.25 |
Minimum Cash Wage (Tipped Employee) | $2.13 |
FICA (MEDICARE) | Federal |
Medicare Rate | 1.45% |
Additional Medicare Tax Withholding on Wages > $200,000 (No Employer Match) | 0.90% |
Maximum Taxable Earnings | No Limit |
FICA (SOCIAL SECURITY) | Federal |
Employee / Employer Tax Rate (Unchanged from 2019) | 6.20% |
Maximum Taxable Earnings (Increased from $132,900 in 2019) | $137,700 |
FUTA (EMPLOYER-PAID) | Federal |
Normal Net Tax | 0.60% |
Maximum Credit | 5.40% |
Percent of Taxable Wages | 6.00% |
Maximum Taxable Earnings | $7,000 |
Health Savings Accounts | Federal |
Catch-up Contribution Limit (Employee / Employer) (Unchanged from 2019) | $1,000 |
Family Contribution Limit (Employee / Employer) (Increased from $7,000 in 2019) | $7,100 |
Self-Only Contribution Limit (Employee / Employer) (Increased from $3,500 in 2019) | $3,550 |
Supplemental Wage / Bonus Rates | Federal |
Pay over $1 Million (Unchanged from 2019) | 37% |
Flat Rate Withholding Method (Unchanged from 2019) | 22% |
Connecticut State Resources
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