2020 Rates Update

Source: Various

Here’s some selected 2020 changes as of December 10, 2019:

  1. FICA: Social Security maximum wages will be $137,300. Above that amount, you will have only Medicare withheld.
  2. CA SDI: Rate is 1% on the first $122,909.
  3. CA minimum wage (some cities differ): $12.00 for employers with 25 or fewer employees; $13.00 for other employers.
  4. Los Angeles City minimum wage: $13.25 for employers with 25 or fewer employees; $14.25 for other employers. Effective July 1, 2020: $14.25 for small employers and $15.00 for other employers.

Standard mileage rate: For 2020: 57.5 cents per mile.