Information
Center

Wage Limits and Caps

Description 2021 2020 2019
Social Security
Taxable Wages $142,800 $137,700 $132,900
Maximum Tax $8,853.60 $8,537.40 $8,239.80
Retirement Plans
Compensation Limit $290,000 $285,000 $280,000
Deferral Limit $19,500 $19,500 $19,000
Catch-Up $6,500 $6,500 $6,000

Complete Historical Listing
HowardSimon 2021 Holiday Schedules

Holiday Dates
New Years Day Friday, January 1
Memorial Day Monday, May 31
Independence Day Monday, July 5
Labor Day Monday, September 6
Thanksgiving Day Thursday, November 25
Day After Thanksgiving Friday, November 26
Christmas Holiday Friday, December 24

  • Federal Reserve
  • FedEx
  • New York Stock Exchange
  • Minimum Wage Resources


    Minimum wage rates very across the country, many states, counties, and cities have specifi rules regarding the minimum wage in their jurisdiction - below are some resources to help determine the rate in your the Department of Labor’s website at www.dol.gov/agencies/whd/state/minimum-wage/tipped.

    Increase in Minimum Wage Rate in Chicago

    On July 1, 2021, the Chicago City Council raised the minimum wage $1 from $14.00 per hour to $15.00 per hour for large employers with 21 or more employees and to $14/hour for small employers (4-20 employees). More information can be found at: Chicago Labor Standards.