2013 Payroll Tax Update

Beginning with the January 10, 2013 payday, the Social Security tax will return to the 6.2 percent of wages paid following the expiration of the temporary two-percentage-point payroll tax cut in effect for 2011 and 2012. Medicare rate will remain the same at 1.45 percent.

In addition, beginning with the January 25, 2013 payday, the revised withholding rates will be in effect.