2025 Payroll-Related Rate Tables:
| Employer Taxes | ||
|---|---|---|
| How Much? | Wage Limit | |
| FICA – Medicare | 1.45% | Unlimited |
| FICA – Social Security (OASDI) | 6.20% | $176,100.00 per employee |
| FUTA (Federal Unemployment) | 0.6% | $7,000.00 per employee |
| SUTA (CO State Unemployment) | Company Specific | $27,200.00 per employee |
| Employee Taxes | ||
|---|---|---|
| How Much? | Wage Limit | |
| FICA – Medicare | 1.45% | Unlimited |
| FICA – Medicare | Additional .9% | if $200k or more |
| FICA – Social Security (OASDI) | 6.20% | $176,100.00 |
| Federal Withholding | based on W4 | |
| State Withholding | based on W4 | |
| Minimum Wage Info | ||
|---|---|---|
| Min Wage | Min Wage w/ Tip Credit |
|
| Colorado | $14.81 | $11.79 |
| New Mexico | $12.00 | $7.20 |
| Federal | $7.25 | $2.13 |
| All Other States: http://www.dol.gov/whd/minwage/america.htm#Colorado | ||
| Deferred Compensation Info | ||
|---|---|---|
| Max EE Contribution (Per Year) |
Catch Up (EE’s Over 50) |
|
| 401(k), SEP, 403(b) | $23,500.00 | $7,500.00 |
| Simple IRA | $16,500.00 | $3,500.00 |
| Mileage | ||
|---|---|---|
| Federal Mileage Rate | $0.67 per mile | |
| Health Savings Account / Flexible Spending Account Maximums: | ||
|---|---|---|
| H.S.A. Single | $4,300 | |
| H.S.A. Family | $8,550 | |
| H.S.A. Catch-Up (55+) | $1,000 | |
| F.S.A. | $3,300 | |