New Jersey (NJ) – 2018
New Jersey
| Minimum Wage | New Jersey | Federal |
|---|---|---|
| Minimum Wage | $8.60 | $7.25 |
| Minimum Cash Wage (Tipped Employee) | $2.13* | $2.13 |
| Maximum Tip Credit | $6.47 | $5.12 |
| State Income Tax | New Jersey | Federal |
| Wage Withholding | Tables | |
| Supplemental Wage / Bonus Rate | No provision, but for pay over $500,000 withhold at 9.9%. For pay over $5,000,000 withhold at 15.6% no later than 9/1/18. | |
| Unemployment Insurance | New Jersey | Federal |
| Maximum 2018 Taxable Earnings (Increased from $33,500 in 2017) | $33,700 | |
| Employee Deduction | 0.515% | |
| Workforce Development / Supplemental Workforce | 0.0425% | |
| UI Fund | 0.3825% | |
| Family Leave Insurance | 0.09% | |
| Maximum 2018 Employee Deduction | $173.55 | |
| Employer FY2019 Tax Rates | 0.4 – 5.4% | |
| Standard FY2019 New Employer Rate (UI-2.6825% + WF/SWF-0.1175%) | 2.80% | |
| Voluntary Contribution Permitted | Yes | |
| Disability Insurance | New Jersey | Federal |
| Maximum 2018 Taxable Earnings (Increased from $33,500 in 2017) | $33,700 | |
| Employee 2018 Deduction Rate | 0.19% | |
| Standard FY2019 Tax Rates | 0.1 – 0.75% | |
| New Employer FY2019 Rate | 0.50% |
Federal (FED) – 2018
| Minimum Wage | Federal |
|---|---|
| Youth Minimum Wage | $4.25 |
| Maximum Tip Credit | $5.12 |
| Minimum Cash Wage (Tipped Employee) | $2.13 |
| Minimum Wage | $7.25 |
| FICA (MEDICARE) | Federal |
| Additional Medicare Tax Withholding on Wages > $200,000 (No Employer Match) | 0.90% |
| Employee / Employer Tax Rate (Unchanged from 2017) | 1.45% |
| Maximum Taxable Earnings | No Limit |
| FICA (SOCIAL SECURITY) | Federal |
| Employee / Employer Tax Rate (Unchanged from 2017) | 6.20% |
| Maximum Taxable Earnings (Increased from $127,200 in 2017) | $128,400 |
| 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 2017) | $1,000 |
| Family Contribution Limit (Employee / Employer) (Increased from $6,750 in 2017) | $6,900 |
| Self-Only Contribution Limit (Employee / Employer) (Increased from $3,400 in 2017) | $3,450 |
| Supplemental Wage / Bonus Rates | Federal |
| Pay over $1 Million (Decreased from 39.6% in 2017) | 37% |
| Flat Rate Withholding Method (Decreased from 25% in 2017) | 22% |
New Jersey State Resources
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