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Employers are responsible for withholding and reporting the 0.9% Additional Medicare Tax, which became effective in 2013. ... each pay a Medicare tax, at a rate of 1.45 percent, on the entire ...
The article below was updated on Dec. 18, 2018. Starting Jan. 1, 2019, the maximum earnings that will be subject to the Social Security payroll tax will increase by $4,500 to $132,900—up from ...
The article below was last revised on Nov. 7, 2019. S tarting Jan. 1, 2020, the maximum earnings subject to the Social Security payroll tax will increase by $4,800 to $137,700 —up from the ...
Wages subject to Social Security FICA taxes will go to $142,800 from $137,700. S tarting Jan. 1, 2021, the maximum earnings subject to the Social Security payroll tax will increase by $5,100 to ...
S tarting Jan. 1, 2023, the maximum earnings subject to the Social Security payroll tax will increase by nearly 9 percent to $160,200—up from the $147,000 maximum for 2022, the Social Security ...
i Reuse Permissions. . Starting Jan. 1, 2022, the maximum earnings subject to the Social Security payroll tax will increase by $4,200 to $147,000 —up from the $142,800 maximum for 2021, the ...
An authority on health savings accounts (HSAs) advises HR teams to inform employees over age 65 that if they contribute to an HSA during the six-month period before enrolling in Medicare they can ...
As the enrollment period runs from Oct. 15 to Dec. 7, the final day to provide this notice is Oct. 14. (In years in which Oct. 14 falls on a weekend, unlike this year, the due date would be the ...
The IRS has announced that the 2023 business standard mileage rate is increasing to 65.5 cents, up 3 cents from the 2022 midyear adjustment of 62.5 cents. The change took effect Jan. 1.
The IRS clarified that it won't tax dependent care flexible spending account funds for 2021 and 2022 that COVID-19 relief provisions allowed to be carried over from year to year, or that are used ...