Select Accounts Payroll Limitations for Owners and Officers

[Pages:2]Edition Date: 10/9/2023

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 1/1/2023

$31,200 $62,400

Executive Officer Annual Maximum

Partner

Annual

Limitation

LLC Member Annual Limitation

Sole Proprietor Annual Limitation

$213,200

$119,600 $249,600

Minimum: Maximum:

$53,400

$38,800 $7,200

$61,932

Minimum: Maximum:

Minimum: Maximum:

$53,400 $213,200

$38,800 $7,200 Minimum:

$61,932 Maximum:

$53,400

$38,800 $7,200

$61,932

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

1/1/2023

Flat: $70,200

Flat:

Connecticut

1/1/2023

$78,000

Delaware

12/1/2022

$64,168

Dist of Columbia 11/1/2023

Florida

1/1/2023 Construction:

All Other:

$88,400 $28,600 Construction:

$57,200 All Other:

Georgia

3/1/2023

$62,400

$70,200 $156,000

$257,400

$358,800 $171,600 $171,600

$254,800

Flat:

Minimum: Maximum:

$70,200

Flat:

$78,000 Minimum:

Maximum:

$64,168 Minimum:

$257,400 Maximum:

$89,100

Flat:

$57,100 Construction

Min/Max

All Other

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

$70,200 $78,000 $156,000

$64,168 $257,400

$89,100

$28,000/ $171,600 $57,200/ $171,600

$62,400 $254,800

Flat: $70,200 $78,000

Minimum: Maximum:

$64,168 $257,400

$89,100 $57,100

$63,200

Hawaii

Idaho

Illinois Indiana

1/1/2023

1/1/2023

1/1/2023 1/1/2023

$52,000

$46,800

$67,600 $46,800

$208,000

$51,600

$187,200

$23,600

$270,400 $223,600

Minimum: Maximum:

$67,700 $46,800 $223,600

Minimum: Maximum: Minimum: Maximum:

Flat: Minimum: Maximum:

$52,000 $208,000

$46,800 $187,200

$67,700 $46,800 $223,600

$51,600

$23,600

$67,700 Minimum: $46,800 Maximum: $223,600

Iowa

Kansas Kentucky Louisiana

1/1/2023

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

$26,000

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

$218,400

$213,200 $202,800 $161,200

Minimum: Maximum:

$26,000 $218,400

$53,000 $50,800 $53,400

Minimum: Maximum:

Flat: Flat: Minimum: Maximum:

$26,000 $218,400

$53,000 $50,800 $54,600 $161,200

Minimum: $26,000 Maximum: $218,400

$53,000 $50,800 $53,400

Maine Maryland

4/1/2023 1/1/2023

Massachusetts 10/1/2023

Michigan

1/1/2024

Minnesota

1/1/2023

$54,600 $70,200

$15,080 $31,616

$66,924

$213,200 $280,800

$53,900 Flat: $69,600

$74,360 $124,800

$65,400 $24,900

$267,696 Minimum: $66,924 Maximum: $267,696

Flat: Minimum: Maximum:

Flat: Minimum: Maximum:

Minimum: Maximum:

$53,900 $70,200 $280,800

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

$66,924 $267,696

$53,900 Flat: $69,600

$65,400 $31,616

Minimum: $66,924 Maximum: $267,696

Mississippi Missouri

Montana

3/1/2023 1/1/2023

7/1/2023

$44,200 Flat: $51,700

$10,400

Flat:

$145,600 $51,700 $80,652

Flat: Minimum:

Maximum:

$43,000

Flat:

$51,700

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

1/1/2023

$52,000 $6,000

$36,400 Corporation $18,200 Uninc Assoc $41,080

New Mexico New York

1/1/2023

$52,000

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 $163,800

Minimum: Maximum:

$202,800

$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

$41,080 $163,800

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

$51,300 Minimum:

Maximum:

$45,500 Construction

$89,344*

Min/Max

$45,500 All Other

$137,800

Min/Max

$137,800

$43,000 $51,700 $10,400 $80,652

Flat: Minimum:

$43,000 $51,700 $10,800

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

$51,100

$51,100

$6,000 Subcontractors $36,000 All Other $36,400 $286,000 $41,080 Minimum: $163,800 Maximum:

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

$41,080 $163,800

$52,000

$202,800

$45,500 Construction

$89,344*

Min/Max

$45,500 All Other

$137,800

Min/Max

$51,300

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

North Carolina

Oklahoma Oregon

4/1/2023

1/1/2023 1/1/2023

$57,200 $49,400 $70,200

$114,400 $197,600 $275,600

$55,900 $49,600 $68,900

Flat: $55,900 Flat: $49,600 Flat: $68,900

$55,900 $49,600 $68,900

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

Edition Date: 10/9/2023

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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