Is your company located in CA or have CA employees?

Did you know that the SDI rates and limits in California are changing?

Effective January 1, 2024, the following SDI taxable wage limit will now be as follows:

• The taxable wage limit that used to be $153,164 will be eliminated making all covered wages subject to SDI tax.

• The SDI tax rate which was .9% will not be 1.1% of all wages.

Annual Earnings	2023 SDI tax at .9% (cap at $153,164 wages)	2024 SDI tax at 1.1% (ALL wages are taxed - no cap)
$40,000	$360	$440
$75,000	$675	$825
$100,000	$900	$1,100
$150,000	$1,350	$1,650
$200,000	$440	$2,200

#cataxrates #casdi #cabusiness #caemployees