Forms IRS Form W-4 Form I-9 Employment Eligibility Verification Tennessee Separation Notice*
* Within 24 hours of the time of separation, Tennessee employers are required to provide the employee with the
Tennessee Separation Notice, properly executed, giving the reasons for separation. IRS News IRS Withholding Calculator Updated Withholding Calculator, Form W-4 Released Limits & Rates COLA Increases for Dollar Limitations on Benefits and Contributions 2019 STANDARD MILEAGE RATES
Effective Jan. 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) is:
58 cents per mile for business miles driven.
20 cents per mile driven for medical or moving purposes.
14 cents per mile driven in service of charitable organizations.
Standard Mileage Rates - Prior Years
2019 2018 Employee Limit: 401(k), 403(b), 457, SARSEP Maximum Deferrals (Up to 100% of comp.) $19,000 $18,500 Catch-Up Contribution (Age 50 & Older) $ 6,000 $ 6,000 Employee Limit: SIMPLE IRA & 401(k) Maximum Deferrals (Up to 100% of comp.) $13,000 $12,500 Catch-Up Contribution (Age 50 & Older) $ 3,000 $ 3,000 IRA (Traditional or Roth) Maximum Contribution (Up to 100% of Comp.) $ 6,000 $ 5,500 Catch-Up Contribution (Age 50 & Older) $ 1,000 $ 1,000 Participant Annual Additions Limit Defined Contribution Plan (Up to 100% of Comp.) $ 56,000 $ 55,000 Defined Benefit Plan Dollar Limit $225,000 $220,000 Health Savings Account Contributions Single Coverage $ 3,500 $ 3,450 Family Coverage $ 7,000 $ 6,900 Additional Contribution (Age 55 & Older) $ 1,000 $ 1,000 Employer Deduction Limit (DC Plans) Participant Compensation (Excluding Deferrals) 25% 25% Wage Calculation Limits Compensation Limit $280,000 $275,000 Highly Compensated Employee (Next Year) $125,000 $120,000 Key Employee Determination - Officer $180,000 $175,000 Social Security Taxable Wage Base $132,900 $128,400 FICA Tax Rates Social Security Tax - Employer 6.20% 6.20% Social Security Tax - Employee 6.20% 6.20% Medicare Tax - Employer & Employee 1.45% 1.45% Additional Medicare Tax - Employee* 0.90% 0.90%
* Additional Medicare Tax is imposed on FICA taxable income in excess of the threshold amount, which is NOT indexed for inflation. Thresholds are $200,000 for Single, Head of Household and Qualifying Widow; $250,000 for Married Filing Jointly; and $125,000 for Married Filing Separately. The $200,000 amount is used in all cases for payroll tax withholding.
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