Maximize Your 401k Contributions in 2024: A Guide with Calculator
New updates to the 2023 and 2024 401k contribution limits. Use a free paycheck calculator to gain insights to your 401k and financial future.
Read all about South Dakota's withholding requirements, local taxes, state labor laws and more below.
Read all about South Dakota's withholding requirements, local taxes, state labor laws and more below.
Withholding Requirements Register as an employer by clicking here. No withholding tax in South Dakota. Withholding Method = NA. Supplemental Rate = NA.
Local Taxes: None.
State Tax Unemployment Insurance: Reserve ratio formula.
Wage base is $15,000 for and 2016.
Rates range from 0.00% to 9.5%.
New e mployers pay 1.75% for 2016.
New construction employers pay 6.00%.
Investment fee for experience rated employers ranges from 0 to .53%.
State Disability Insurance: None.
State Labor Laws:
Minimum wage - Effective January 1, 2016 the minimum wage will be $8.55.
Termination Pay - Fired/Quit - next regular payday or when employee returns employer property.
Employers must report hiring, rehiring, and return to work within 20 days on Form W-4 (or equivalent) to:
New Hire Reporting Center SD Department of Labor and Regulation
P.O. Box 4700 Aberdeen, SD 57402-4700
Phone: 888-827-6078
Fax: 888-835-8659
To report online, click here.
Child Support: South Dakota Department of Social Services Division of Child Support 700 Governors Drive, Suite 84 Pierre, SD 57501-2291
Phone: 605-773-3165
To report online, click here.
Reciprocal States: None.
Other Resources: South Dakota Department of Revenue and Regulation. Department of Labor.
New updates to the 2023 and 2024 401k contribution limits. Use a free paycheck calculator to gain insights to your 401k and financial future.
Unlock the secrets of your 2023 bonus taxes with our guide, and use our Bonus Pay Percent Calculator for an instant breakdown of your take-home pay.
It’s the 2023 holiday season, and for fortunate employees, that means an end-of-year bonus! Yet many employees are disappointed when their bonus lands in their bank – usually a lower amount than anticipated. Here's a quick guide to help workers understand how bonuses are taxed.