Maximum Taxable Earnings The following table provides a list of key wage & contribution based benefit IRS limits.

FICA Taxable Wage Base (2014 / 2013)
Maximum Taxable Earnings – $117,000 / $113,700
Employer Tax Rate – 6.2% / 6.2%
Employee Tax Rate – 6.2% / 6.2%
 
Flexible Spending Accounts
Health FSA Maximum Salary Reduction – $2,500 / $2,500
Standard Mileage Rate for Medical Purposes – 23.5 cents per mile / 24 cents per mile
Dependent Care FSA – $5,000 / $5,000
Dependent Care FSA (married filing separately) – $2,500 / $2,500
 
Health Savings Accounts
HDHP Minimum Annual Deductible – Self Only $1,250 / $1,250
HDHP Minimum Annual Deductible – Family $2,500 / $2,500
HDHP Out-of-Pocket Maximum – Self Only $6,350 / $6,250
HDHP Out-of-Pocket Maximum – Family $12,700 / $12,500
HSA Maximum Contribution Limit – Self Only $3,300 / $3,250
HSA Maximum Contribution Limit – Family $6,550 / $6,450
HSA Catch-Up Contribution Limit (55 or older) $1,000 / $1,000

Mileage Reimbursement Rate
Business Miles – 56.0 cents per mile / 56.5 cents per mile
Moving Expenses – 23.5 cents per mile / 24 cents per mile
In Service of Charitable Organizations – 14 cents per mile / 14 cents per mile

HCEs and Key Employees
Highly Compensated Employee Dollar Threshold – $115,000 / $115,000
Key Employee Dollar Threshold – Officer Group $170,000 / $165,000
Key Employee Dollar Threshold – More than 1% Owner $150,000 / $150,000
 
Medicare
Maximum Taxable Earnings – No Limit / No Limit
Employer Tax Rate – 1.45% / 1.45%
Employee Tax Rate – 1.45% /$1.45%
 
Educational Assistance
Maximum Income Exclusion – $5,250 / $5,250
 
Transportation Fringe Benefit Plans Parking
Parking – $250 per month / $245 per month
Transit Passes & Van Pooling (combined) – $130 per month / $245 per month
 
Adoption Assistance
Maximum Exclusion for Employer-Provided Adoption Assistance – $13,190 / $12,970
Adoption Tax Credit Limit – $13,190 / $12,970
Maximum Exempt from Phased Reduction Exclusion and Credit – $197,880 / $194,580
Maximum Allocation for Exclusion and Credit – $237,880 / $234,580