Check out the following changes taking effect January 1. From minimum wage by state to mileage rates, make sure your school is in compliance. Remember that Christian schools must follow the same regulations when setting hourly wages.
| State | 2017 | 2018 | Change |
|---|---|---|---|
| Alabama | $7.25 | $7.25 | $0.00 |
| Alaska | $9.80 | $9.84 | $0.04 |
| Arizona | $10.00 | $10.50 | $0.50 |
| Arkansas | $8.50 | $8.50 | $0.00 |
| California | $10.50 | $11.00 | $0.50 |
| Colorado | $9.30 | $10.20 | $0.90 |
| Connecticut | $10.10 | $10.10 | $0.00 |
| Delaware | $8.25 | $8.25 | $0.00 |
| District of Columbia | $12.50 | $13.25 | $0.75 |
| Florida | $8.10 | $8.25 | $0.15 |
| Georgia | $7.25 | $7.25 | $0.00 |
| Hawaii | $9.25 | $10.10 | $0.85 |
| Idaho | $7.25 | $7.25 | $0.00 |
| Illinois | $8.25 | $8.25 | $0.00 |
| Indiana | $7.25 | $7.25 | $0.00 |
| Iowa | $7.25 | $7.25 | $0.00 |
| Kansas | $7.25 | $7.25 | $0.00 |
| Kentucky | $7.25 | $7.25 | $0.00 |
| Louisiana | $7.25 | $7.25 | $0.00 |
| Maine | $9.00 | $10.00 | $1.00 |
| Maryland | $9.25 | $10.10 | $0.85 |
| Massachusetts | $11.00 | $11.00 | $0.00 |
| Michigan | $8.90 | $9.25 | $0.35 |
| Minnesota | $9.50 | $9.65 | $0.15 |
| Mississippi | $7.25 | $7.25 | $0.00 |
| Missouri | $7.70 | $7.85 | $0.15 |
| Montana | $8.15 | $8.30 | $0.15 |
| Nebraska | $9.00 | $9.00 | $0.00 |
| Nevada | $8.25 | $8.25 | $0.00 |
| New Hampshire | $7.25 | $7.25 | $0.00 |
| New Jersey | $8.44 | $8.60 | $0.16 |
| New Mexico | $7.50 | TBD | |
| New York | $9.70 | $10.40 | $0.70 |
| North Carolina | $7.25 | $7.25 | $0.00 |
| North Dakota | $7.25 | $7.25 | $0.00 |
| Ohio | $8.15 | $8.30 | $0.15 |
| Oklahoma | $7.25 | $7.25 | $0.00 |
| Oregon | $10.25 | $10.25 | $0.00 |
| Pennsylvania | $7.25 | $7.25 | $0.00 |
| Puerto Rico | $6.55 | $6.55 | $0.00 |
| Rhode Island | $9.60 | $10.10 | $0.50 |
| South Carolina | $7.25 | $7.25 | $0.00 |
| South Dakota | $8.65 | $8.65 | $0.00 |
| Tennessee | $7.25 | $7.25 | $0.00 |
| Texas | $7.25 | $7.25 | $0.00 |
| Utah | $7.25 | $7.25 | $0.00 |
| Vermont | $10.00 | $10.50 | $0.50 |
| Virginia | $7.25 | $7.25 | $0.00 |
| Washington | $11.00 | $11.50 | $0.50 |
| West Virginia | $8.75 | $8.75 | $0.00 |
| Wisconsin | $7.25 | $7.25 | $0.00 |
| Wyoming | $7.25 | $7.25 | $0.00 |
| 2018 | 2017 | Change | |
|---|---|---|---|
| Wage limit for social security taxes | $128,400 | $127,200 | Increased $1,200 |
| Standard Business Mileage Rate | $0.545/mile | $0.535/mile | Increased $0.01/mile |
| Retirement Contributions: | |||
| IRA’s up to age 50 | $5,500 | $5,500 | No Change |
| IRA’s Age 50 and above | $6,500 | $6,500 | No Change |
| 401k/403b/457 up to age 50 | $18,500 | $18,000 | Increased $500 |
| 401k/403b/457 age 50 and Above | $24,500 | $24,000 | Increased $500 |
| SIMPLE Plans | $12,500 | $12,500 | No Change |
| Self Employed Plans(SEP) | $55,000 | $54,000 | Increased $1,000 |
| Health Savings Accounts (HSA) up to 55: | $3,450 self | $3,400 self | Increased $50 |
| $6,900 family | $6,750 family | Increased $150 | |
| Health Savings Accounts (HSA) 55 & up: | $4,450 self | $4,400 self | Increased $50 |
| Flexible Spending Account (FSA) | $2,650 | $2,600 | Increased $50 |