The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: SS tax||Date: 12/21/2012 10:11 PM|
|Author: Jeanwa||Number: 117202 of 121179|
6.2% for SS wages paid in 2013 is the current law. It will take an act of Congress to change it. I'm not holding my breath for that.
Another question is what to withhold for Federal income taxes. I believe the IRS hasn't issued withholding tables for 2013 yet.
How much you want to bet Congress extends the 4.2% and makes it retroactive? Geezzz, I hate it when they do stuff like that.
I don't think WH is as difficult to deal with. Of course, it depends on how much the rates change.
So what do the employers do that have payroll the first week in Jan?
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