2017 Payroll Tax Rates & New Wage Limits

January 1, 2017

The following are the changes in payroll taxes effective January 1, 2017:

Employee Withholdings Rate Taxable Wage Base Per Person
Social Security 6.2% Maximum wages: $127,200
Medicare 1.45% No limit
Additional Medicare Tax 0.9% Wages over $200,000
Federal Withholding Use withholding tables in Publication 15 dated January, 2017
RI Withholding Use withholding tables in RI Booklet dated January, 2017
TDI 1.2% Maximum wages: $68,100
 
Employer Payroll Taxes
Social Security 6.2% Maximum wages: $127,200
Medicare 1.45% No limit
SUTA Assigned rate* Maximum wages: $22,400
New Employer Rate SUTA 1.83% Maximum wages: $22,400
JDF 0.21% Maximum wages: $22,400
FUTA 0.6% Maximum wages:  $7,000

 

*DET will let you know what your SUTA rate is by January, 2017

If you have any questions, please contact us.