Tag: tax withholding

742
Posted in Compensation

2023 Social Security Taxable Wage Base Announced

The Social Security Administration (SSA) recently announced that the 2023 Social Security taxable wage base will increase to $160,200 from $147,000. This means that in…

3256
Posted in Compensation

2022 Social Security Taxable Wage Base

The Social Security taxable wage base for 2022 will increase to $147,000 from $142,800, according to a recent announcement from the Social Security Administration (SSA)….

IRS Tax Withholding Form W-4
4304
Posted in Compensation

New Form W-4, Tax Withholding Method

In December 2019, the IRS released its new Form W-4, Employee’s Withholding Certificate for 2020. Prompted by the 2017 Tax Cuts and Jobs Act, the…

3965
Posted in Compensation

Social Security Announces 2020 Taxable Wage Base

The Social Security Administration (SSA) recently announced that the Social Security taxable wage base for 2020 will increase to $137,700 from $132,900. This is the maximum…

1553
Posted in Compensation

Avoid Tax Surprises: IRS Promotes #PaycheckCheckup

The Internal Revenue Service (IRS) has launched a #PaycheckCheckup campaign to remind taxpayers to check their federal income tax withholding now to avoid an unexpected…