It’s hard to keep track of the ever-changing rates and figures related to business taxes. At Xenuim HR, we’re all about helping HR professionals with their day-to-day duties. So at the start of every year, we compile a list of tax figures all employers need to know, along with important dates to keep in mind as the year goes on. Use our 2018 Rates, Limits, and Important Notes document as a reference guide to help answer questions throughout the year and to keep your company on top of any changes to your rates.
The information on this sheet is specific to employers in the Portland Metro area, including Vancouver. It includes information on changes to the minimum wage, local public transportation tax rates, retirement plan limits, and flexible spending account (FSA) limits, along with other important rates and limits.
The 2018 Rates, Limits, and Important Notes document contains the following figures:
Social security wage base, Medicare HI tax, additional Medicare tax, federal and state unemployment, local tax rates related to public transit, retirement plan limits, Oregon Worker Benefit Fund rates, minimum wage for Oregon, Washington, and California (including changes going into effect in July 2018), 2018 bank holidays, IRS flexible spending account limits, and the IRS mileage reimbursement rate.