View Printable TX Fact Sheet
Texas Effective 7/24/2009
Federal Effective 7/24/2009
Texas Minimum Wage
State
Federal
Texas Unemployment Insurance
-
Maximum 2020 Taxable Earnings
(Unchanged from 2019)
$9,000
-
Employee 2020 Deduction
None
-
Employer 2020 Tax Rates
0.31 - 6.31%
-
Standard 2020 New Employer Rate
2.70%
-
Voluntary Contribution Permitted
Yes
Federal Tax Facts
-
Maximum Taxable Earnings
No Limit
-
Employee / Employer Tax Rate (Unchanged from 2019)
1.45%
-
Additional Medicare Tax Withholding on Wages > $200,000
(No Employer Match)
0.90%
-
Maximum Taxable Earnings (Increased from $132,900 in 2019)
$137,700
-
Employee / Employer Tax Rate
(Unchanged from 2019)
6.20%
-
Maximum Taxable Earnings
$7,000
-
Percent of Taxable Wages
6.00%
-
Maximum Credit
5.40%
-
Normal Net Tax
0.60%
Supplemental Wage / Bonus Rates
-
Self-Only Contribution Limit (Employee / Employer)
(Increased from $3,500 in 2019)
$3,550
-
Family Contribution Limit
(Employee / Employer)
(Increased from $7,000 in 2019)
$7,100
-
Catch-up Contribution Limit (Employee / Employer)
(Unchanged from 2019)
$1,000
-
Contribution Limit - 401(k) & 403(b) plans
(Increased from $19,000 in 2019)
$19,500
-
Catch-up Contribution Limit - 401(k) & 403(b) plans (age 50 or older) (Increase from 6,000 in 2019)
$6,500
Local Income Taxes Imposed: No
FAST WAGE AND TAX FACTS is distributed with the understanding that the publisher is not rendering legal, accounting,
tax or other professional services. If legal advice or other assistance is required, an attorney, CPA or tax adviser
should be consulted. Minimum wage rates may vary by industry and may be superseded by Federal minimum wage rules.
Contact the proper agency to verify.
For information about cost-effective solutions from ADP, please visit us at www.adp.com,
contact your local ADP representative or call 1-800-225-5237.