A Handy Document of Various 2024 Tax Rates and Limits

EY just released an updated US Employment Tax Rates and Limits for 2024. It might be a good idea to download the document for future reference.

Photo by Suzanne D. Williams on Unsplash

EY just released their updated US employment tax rates and limits for 2024 document. The 42-page document provides a lot of good information on various tax rates and limits as follows:

• Social Security Wage Base for 2024,

• Qualified pension plan limits for 2024,

• HSA limits for 2023 and 2024,

• 2024 inflation adjustments for fringe benefits and Form W-2 penalties,

• Federal mileage rates and luxury vehicle limit for 2024,

• Per diem rates under high-low substantiation method for 2024,

• 2022 and 2023 FUTA credit reduction,

• State unemployment insurance wage bases and tax rates for 2024,

• 2024 state disability and paid family leave insurance wage base and rates,

• Federal income tax withholding for 2024,

• State income tax withholding tables, supplemental withholding rates and highest withholding tax rates for 2024.

This is the type of report that is good to save on your desktop so that it is easy to find.