Tag: tax withholding
2024 Social Security, CA SDI Taxable Wage Base, Withholding Rates
Employers should know about two new taxable wage base updates for 2024. The Social Security Administration (SSA) recently announced that, for 2024, the maximum amount of earnings…
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…
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)….
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…
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…
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…
