South Dakota (SD) – 2022
South Dakota Effective 1/1/2022 Federal Effective 7/24/2009
| Minimum Wage | South Dakota | Federal |
|---|---|---|
| Minimum Wage | $9.95 | $7.25 |
| Minimum Cash Wage (Tipped Employee) | $4.98 | |
| Maximum Tip Credit | $4.97 | |
| Youth Minimum Wage | $9.95* | |
| State Income Tax | South Dakota | Federal |
| Wage Withholding | None | |
| Supplemental Wage / Bonus Rate | None | |
| Unemployment Insurance | South Dakota | Federal |
| Maximum 2022 Taxable Earnings (Unchanged from 2021) | $15,000 | |
| Employee 2022 Deduction | None | |
| Employer 2022 Tax Rates (Plus investment fee) | 0.0 – 9.35% | |
| Standard 2022 New Employer Rate(Plus 0.55% investment fee) | 1.2% – 1st year; 1.0% – 2nd & 3rd years | |
| Voluntary Contribution Permitted | Yes |
Federal (FED) – 2022
| Minimum Wage | Federal |
|---|---|
| Minimum Wage | $7.25 |
| FICA (MEDICARE) | Federal |
| Medicare Rate | 1.45% |
| Additional Medicare Tax Withholding on Wages > $200,000 (No Employer Match) | 2.35% |
| Maximum Taxable Earnings | No 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 Accounts | Federal |
| Catch-up Contribution Limit (Employee / Employer) (Unchanged from 2021) | $1,000 |
| Pension Plans | Federal |
| 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 |
South Dakota State Resources
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