Virgin Islands (VI) – 2022

Virgin Islands Effective 6/1/2018 Federal Effective 7/24/2009

Minimum WageVirgin IslandsFederal
Minimum Wage$10.50$7.25
Minimum Cash Wage (Tipped Employee)$4.20
Maximum Tip Credit$6.30
State Income TaxVirgin IslandsFederal
Wage WithholdingNone
Supplemental Wage / Bonus RateNone
Unemployment InsuranceVirgin IslandsFederal
Maximum 2022 Taxable Earnings (decreased from $32,500 in 2021)$30,800
Standard 2022 New Employer Rate2.00%
Maximum 2022 Taxable Earnings (decreased from $32,500 in 2021)$30,800
Employee 2022 Deductionnone
Employer 2022 Tax Rates2.5 – 6.0%
Standard 2022 New Employer Rate2.00%
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

Virgin Islands State Resources

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