Select Accounts Payroll Limitations for Owners and Officers

Edition Date: 12/5/2023

Payroll Limitation Guide for Owners and Officers

State

Alabama Alaska Arizona

Policy Effective As of Date

3/1/2023

Executive Officer Annual Minimum

$54,600

1/1/2023 1/1/2024

$31,200 $65,000

Executive Officer Annual Maximum

Partner

Annual

Limitation

LLC Member Annual Limitation

Sole Proprietor Annual Limitation

$213,200

$119,600 $260,000

Minimum: Maximum:

$53,400

$38,800 $7,200

$64,720

Minimum: Maximum:

Minimum: Maximum:

$53,400 $213,200

$38,800 $7,200 Minimum:

$64,720 Maximum:

$53,400

$38,800 $7,200

$64,720

Arkansas California

7/1/2023 9/1/2023

$52,000 $59,800

$202,800 $154,700

Minimum: Maximum:

$51,000 $59,800 $154,700

Flat: Minimum: Maximum:

$51,100

$51,100

$59,800 Minimum: $59,800

$154,700 Maximum: $154,700

Colorado

1/1/2024

Flat: $73,900

Flat:

Connecticut

1/1/2024

$83,200

Delaware

12/1/2023

$67,652

Dist of Columbia 11/1/2023

Florida

1/1/2024 Construction:

All Other:

$88,400 $31,200 Construction:

$52,400 All Other:

Georgia

3/1/2023

$62,400

$73,900 $166,400

$270,400

$358,800 $187,200 $187,200

$254,800

Flat:

Minimum: Maximum:

$73,900

Flat:

$81,900 Minimum:

Maximum:

$67,652 Minimum:

$270,400 Maximum:

$89,100

Flat:

$62,200 Construction

Min/Max

All Other

$63,200 Min/MMaixn:imum: Maximum:

$73,900 $83,200 $166,400

$67,652 $270,400

$89,100

$31,200/ $187,200 $62,400/ $187,200

$62,400 $254,800

Flat: $73,900 $81,900

Minimum: Maximum:

$67,652 $270,400

$89,100 $62,200

$63,200

Hawaii

Idaho

Illinois Indiana

1/1/2024

1/1/2023

1/1/2024 1/1/2024

$57,200

$46,800

$72,800 $49,400

$228,800

$56,700

$187,200

$23,600

$286,000 $234,000

Minimum: Maximum:

$72,100 $49,400 $234,000

Minimum: Maximum: Minimum: Maximum:

Flat: Minimum: Maximum:

$57,200 $228,800

$46,800 $187,200

$72,100 $49,400 $234,000

$56,700

$23,600

$72,100 Minimum: $49,400 Maximum: $234,000

Iowa

Kansas Kentucky Louisiana

1/1/2024

1/1/2023 1/1/2024 5/1/2023

$28,600

$52,000 $52,000 $54,600

$228,800

$213,200 $213,200 $161,200

Minimum: Maximum:

$28,600 $228,800

$53,000 $52,900 $53,400

Minimum: Maximum:

Flat: Flat: Minimum: Maximum:

$28,600 $228,800

$53,000 $52,900 $54,600 $161,200

Minimum: $28,600 Maximum: $228,800

$53,000 $52,900 $53,400

Maine Maryland

4/1/2023 1/1/2024

Massachusetts 10/1/2023

Michigan

1/1/2024

Minnesota

1/1/2024

$54,600 $72,800

$15,080 $31,616

$69,524

$213,200 $291,200

$53,900 Flat: $72,900

$74,360 $124,800

$65,400 $24,900

$278,096 Minimum: $69,524 Maximum: $278,096

Flat: Minimum: Maximum:

Flat: Minimum: Maximum:

Minimum: Maximum:

$53,900 $72,800 $291,200

$65,400 $31,616 $124,800

$69,524 $278,096

$53,900 Flat: $72,900

$65,400 $31,616

Minimum: $69,524 Maximum: $278,096

Mississippi Missouri

Montana

3/1/2023 1/1/2024

7/1/2023

$44,200 Flat: $52,900

$10,400

Flat:

$145,600 $52,900 $80,652

Flat: Minimum:

Maximum:

$43,000

Flat:

$52,900

Flat:

$10,800 Manager-

Managed

$80,652 Member-

Managed

Nebraska Nevada

New Hampshire New Jersey

2/1/2023 3/1/2023

1/1/2024 Corporation

Uninc Assoc

1/1/2024

$52,000 $6,000

$36,400 Corporation $18,200 Uninc Assoc $42,120

New Mexico New York

1/1/2024

$54,600

10/1/2023 Construction:

*eff 7/1/2023 Non-Profi Uninc Assoc

All Other:

$45,500 Construction:

$23,400 or Non-Profi the actual Uninc Assoc payroll whichever is greater

$45,500 All Other:

$202,800

$36,000 Subcontractors

All Other

$286,000 $145,600 $168,480

Minimum: Maximum:

$218,400

$89,344* Construction

Min/Max

$23,400 or the actual payroll whichever is greater

All Other Min/Max

$51,100

Flat:

$6,000 $3,600 $36,000

$42,120 $168,480

Minimum: Maximum: Minimum: Maximum: Minimum: Maximum:

$54,200 Minimum:

Maximum:

$45,500 Construction

$89,344*

Min/Max

$45,500 All Other

$137,800

Min/Max

$137,800

$43,000 $52,900 $10,400 $80,652

Flat: Minimum:

$43,000 $52,900 $10,800

$10,800 Maximum: $80,652 $80,652

$51,100

$51,100

$6,000 Subcontractors $36,000 All Other $36,400 $286,000 $42,120 Minimum: $168,480 Maximum:

$6,000 $3,600 $36,000

$42,120 $168,480

$54,600

$218,400

$45,500 Construction

$89,344*

Min/Max

$45,500 All Other

$137,800

Min/Max

$54,200

$45,500 $89,344* $45,500 $137,800

North Carolina

Oklahoma Oregon

4/1/2023

1/1/2023 1/1/2024

$57,200 $49,400 $67,600

$114,400 $197,600 $270,400

$55,900 $49,600 $67,600

Flat: $55,900 Flat: $49,600 Flat: $67,400

$55,900 $49,600 $67,400

The information provided is proprietary and confidential and should not be distributed to third parties.

Edition Date: 12/5/2023

Payroll Limitation Guide for Owners and Officers

Pennsylvania

4/1/2023

$62,600

Rhode Island

8/1/2023

$62,400

South Carolina South Dakota

4/1/2023 7/1/2023

$26,000 $49,400

Tennessee

3/1/2023 Construction: $28,600 Construction:

Texas

All Other:

7/1/2023*

$57,200 All Other: $7,800*

Utah Vermont

Virginia

1/1/2024 4/1/2023

4/1/2023

$65,000 $28,600

$33,800

West Virginia Wisconsin

11/1/2023 10/1/2023

$52,000 $19,448

$156,000 Minimum: $62,660 Minimum: Maximum: $156,000 Maximum:

$244,400

Not Covered

$202,800 $202,800

$50,100 $50,700

$85,800 $234,000

Construction Min/Max

All Other

$28,600 $85,700 $58,300

Minimum: Maximum:

Flat: Minimum: Maximum:

Construction Min/Max

All Other

$62,400* Effective

10/1/2023

$254,800 $223,600

$135,200

$76,300 Minimum:

$64,000 $27,800

$67,100

Maximum: Flat:

Minimum: Maximum:

LLC Members

LLC Managers Min/Max

$208,000 $97,292

$52,500

Flat:

$64,844

Flat:

$62,600 Minimum: $62,600 $156,000 Maximum: $156,000

$62,400 $244,400

$50,100 $49,400 $202,800 $28,600 $85,700 $58,300

Not Covered

$50,100 $50,700

Construction Min/Max

All Other

$28,600 $85,700 $58,300

$7,800* Effective

10/1/2023

$62,400* $64,000 $28,600 $223,600 $67,100 $33,800 $135,200 $52,500 $64,844

$76,300

$64,000 $27,800 $67,100

$52,500 $64,844

Refer to state Workers Compensation laws and administrative regulations for complete details on statutory provisions regarding determination of payroll for executive officers, partners, sole proprietors, members/managers of limited liability companies or other individuals. Annualized figures may be subject to weekly or monthly minimums or maximums.

The information provided is proprietary and confidential and should not be distributed to third parties.

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