Tennessee (TN) – 2018

Tennessee

Minimum WageTennesseeFederal
Minimum Wage$7.25*$7.25
Minimum Cash Wage (Tipped Employee)$2.13*$2.13
Maximum Tip Credit$5.12*$5.12
Youth Minimum Wage$4.25*$4.25
State Income TaxTennesseeFederal
Wage WithholdingNone
Supplemental Wage / Bonus RateNone
Unemployment InsuranceTennesseeFederal
Maximum 2018 Taxable Earnings (Decreased from $8,000 in 2017)$7,000
Employee 2018 DeductionNone
Employer 2018 Tax Rates (Effective 7/1/18 – 12/31/18)0.01 – 10.0%
Standard 2018 New Employer Rate (Effective 7/1/18 – 12/31/18)2.70%
Voluntary Contribution PermittedNo

Federal (FED) – 2018

Minimum WageFederal
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 EarningsNo 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 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 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 RatesFederal
Pay over $1 Million (Decreased from 39.6% in 2017)37%
Flat Rate Withholding Method (Decreased from 25% in 2017)22%

Tennessee State Resources

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