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SMALL BUSINESS NEWS

14 Jan 2013

 

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Social Security Tax Back to 6.2%

The social security rate which was reduced to 4.2% for 2011 and 2012 is now back to 6.2%.

 Employers now have to start withholding Social Security tax at the 6.2% tax rate.  According to the IRS employers should start  withholding by 15 Febryary and make adjustments in workers pay by the March 31.

Visit the IRS website for more details.

Sources:
IRS


By Jack River

 

 

 

 

 

 

 

 

 

 
 

 

  
 

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