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.

State20172018Change
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$7.50TBD
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

 

20182017Change
Wage limit for social security taxes$128,400$127,200Increased $1,200
Standard Business Mileage Rate$0.545/mile$0.535/mileIncreased $0.01/mile
Retirement Contributions:
IRA’s up to age 50$5,500$5,500No Change
IRA’s Age 50 and above$6,500$6,500No Change
401k/403b/457 up to age 50$18,500$18,000Increased $500
401k/403b/457 age 50 and Above$24,500$24,000Increased $500
SIMPLE Plans$12,500$12,500No Change
Self Employed Plans(SEP)$55,000$54,000Increased $1,000
Health Savings Accounts (HSA) up to 55:$3,450 self$3,400 selfIncreased $50
$6,900 family$6,750 familyIncreased $150
Health Savings Accounts (HSA) 55 & up:$4,450 self$4,400 selfIncreased $50
Flexible Spending Account (FSA)$2,650$2,600Increased $50