2013 Employee Social Security Tax Rate Increases

For 2013, the employee tax rate for social security increases to 6.2%.  The medicare withholding stays the same at 1.45%.  The social security wage base limit will increases to $113,700.00. According to the IRS, employers should implement the 6.2% employee social security rate as soon as possible, but no later than February 15, 2013.  After […]