Nevada (NV) – 2022

Nevada

Minimum WageNevadaFederal
Minimum Wage$9.75*$7.25
Minimum Cash Wage (Tipped Employee)$9.75*
Maximum Tip CreditNone
State Income TaxNevadaFederal
Wage WithholdingNone
Supplemental Wage / Bonus RateNone
Unemployment InsuranceNevadaFederal
Maximum 2022 Taxable Earnings (Increased from $33,400 in 2021)$36,600
Employee 2022 DeductionNone
Employer 2022 Tax Rates (Includes 0.05% Career Enhancement Program fee)0.30 – 5.4%
Standard 2022 New Employer Rate (Includes 0.05% Career Enhancement Program fee)3.00%
Voluntary Contribution PermittedNo

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

Nevada State Resources

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