Wyoming (WY) – 2023

Wyoming

Minimum WageWyomingFederal
Minimum Wage$5.15$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 TaxWyomingFederal
Wage WithholdingNone
Supplemental Wage / Bonus RateNone
Unemployment InsuranceWyomingFederal
Maximum 2023 Taxable Earnings$29,100 (Increase from $27,700 in 2022)
Employee 2023 DeductionNone
Employer 2022 Tax Rates (Includes 0.13% INEFF/NC adjustment factor and 0.09% Employment Support Fund factor)0.18 – 8.72%
Standard 2022 New Employer Rates (Includes 0.13% INEFF/NC adjustment factor and 0.09% Employment Support Fund factor)1.22 – 8.72%
Voluntary Contribution PermittedNo

Federal (FED) – 2023

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%
Maximum Taxable EarningsNo 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 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 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 PlansFederal
Catch-up Contribution Limit – 401(k) & 403(b) plans (age 50 or older) (Increase from 6,500 in 2022)$7,500
Supplemental Wage / Bonus RatesFederal
Pay over $1 Million (Unchanged from 2022)37%
Flat Rate Withholding Method (Unchanged from 2022)22%

Wyoming State Resources

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