Washington (WA) – 2023
Washington
| Minimum Wage | Washington | Federal |
|---|---|---|
| Minimum Wage | $15.74 | $7.25 |
| Minimum Cash Wage (Tipped Employee) | $15.74 | $2.13 |
| Maximum Tip Credit | None | $5.12 |
| Youth Minimum Wage (Employees who are 14 or 15 years old may be paid 85% of the adult minimum wage) | $13.38 | |
| State Income Tax | Washington | Federal |
| Wage Withholding | None | |
| Supplemental Wage / Bonus Rate | None | |
| Unemployment Insurance | Washington | Federal |
| Maximum 2023 Taxable Earnings (Increased from $62,500 in 2022) | $67,600 | |
| Employee 2023 Deduction | None | |
| Employer 2023 Tax Rates (Plus 0.03% employment administrative fund and social cost surtaxes) | 0.0 – 5.4% | |
| Standard 2023 New Employer Rate | Industry Average | |
| Voluntary Contribution Permitted | Yes | |
| Employers and employees each pay half of the stay-at-work rate, medical aid fund rate, and supplemental pension fund (SPF) rate. For 2017, the SPF rate is $0.0952 per hour; employers and employees each pay $0.0476 per hour. | Employers and employees each pay half of the Stay At Work rate, Medical Aid Fund rate and the Supplemental Pension Fund (SPF) rate. For 2023, SPF rate is $0.1674 per hour ($0.0837 per hour, employee rate & $0.0837 per hour, employer rate) |
Federal (FED) – 2023
| 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% |
| Maximum Taxable Earnings | No Limit |
| FICA (SOCIAL SECURITY) | Federal |
| Maximum Taxable Earnings (Increased from $147,000 in 2022) | $160,200 |
| Employee / Employer Tax Rate (Unchanged from 2022) | 6.20% |
| 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 2022) | $1,000 |
| Family Contribution Limit (Employee / Employer) (Increased from $7,300 in 2022) | $7,750 |
| Self-Only Contribution Limit (Employee / Employer) (Increased from $3,650 in 2022) | $3,850 |
| Pension Plans | Federal |
| Catch-up Contribution Limit – 401(k) & 403(b) plans (age 50 or older) (Increase from 6,500 in 2022) | $7,500 |
| Supplemental Wage / Bonus Rates | Federal |
| Pay over $1 Million (Unchanged from 2022) | 37% |
| Flat Rate Withholding Method (Unchanged from 2022) | 22% |
Washington State Resources
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