Georgia (GA) – 2022

Georgia

Minimum WageGeorgiaFederal
Minimum Wage$5.15$7.25
Minimum Cash Wage (Tipped Employee)No Minimum
Maximum Tip CreditNo Maximum
State Income TaxGeorgiaFederal
Wage WithholdingTables
Supplemental Wage / Bonus RateDepends on total annual wages, tax rates range from 2.0% to 5.75%
Unemployment InsuranceGeorgiaFederal
Maximum 2022 Taxable Earnings (Unchanged from 2021)$9,500
Employee 2022 DeductionNone
Employer 2021 Tax Rates(Includes 0.06% administrative assessment except lowest and highest rates).04 – 8.1%
Standard 2021 New Employer Rate(Includes 0.06% administrative assessment)2.70%
Voluntary Contribution PermittedYes

Federal (FED) – 2022

Minimum WageFederal
Minimum Wage$7.25
FICA (MEDICARE)Federal
Medicare Rate1.45%
Additional Medicare Tax Withholding on Wages > $200,000 (No Employer Match)2.35%
Maximum Taxable EarningsNo Limit
FICA (SOCIAL SECURITY)Federal
Maximum Taxable Earnings (Increased from $142,800 in 2021)$147,000
Employee / Employer Tax Rate (Unchanged from 2019)6.20%
Health Savings AccountsFederal
Catch-up Contribution Limit (Employee / Employer) (Unchanged from 2021)$1,000
Pension PlansFederal
Catch-up Contribution Limit – 401(k) & 403(b) plans (age 50 or older) (Increase from 6,000 in 2019)$6,500
Contribution Limit – 401(k) & 403(b) plans (Increased from $19,500 in 2021)$20,500

Georgia State Resources

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