Montana (MT) – 2020

Montana

Minimum Wage – Annual Sales exceed $110,000MontanaFederal
Minimum Wage$8.65
Minimum Cash Wage (Tipped Employee)$8.65
Maximum Tip CreditNone
Minimum Wage – Annual Sales are $110,000 or lessMontanaFederal
Minimum Wage$4.00
Minimum Cash Wage (Tipped Employee)$4.00
Maximum Tip CreditNone
State Income TaxMontanaFederal
Wage WithholdingTables
Supplemental Wage / Bonus Rate6.00%
Unemployment InsuranceMontanaFederal
Maximum 2020 Taxable Earnings (Increased from $33,000 in 2019)$34,100
Employee 2020 DeductionNone
Employer 2020 Tax Rates (Includes 0.13% or 0.18% administrative fund tax)0.13 – 6.25%
Standard 2020 New Employer Rate(Includes 0.18% administrative fund tax)1.18 – 2.58%
Voluntary Contribution PermittedNo

Federal (FED) – 2020

Minimum WageFederal
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 Rate1.45%
Additional Medicare Tax Withholding on Wages > $200,000 (No Employer Match)0.90%
Maximum Taxable EarningsNo 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 Tax0.60%
Maximum Credit5.40%
Percent of Taxable Wages6.00%
Maximum Taxable Earnings$7,000
Health Savings AccountsFederal
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 RatesFederal
Pay over $1 Million (Unchanged from 2019)37%
Flat Rate Withholding Method (Unchanged from 2019)22%

Montana State Resources

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