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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121146  
Subject: Re: SS tax Date: 12/21/2012 9:09 PM
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It's my understanding that unless congress does something by 12/31/12 the SS tax withholding amount is 6.2% for 2013.

Is that correct?


Yep.

I have payroll to do on the 1st and the 5th....so I use the 6.2$ right?

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.

--Peter
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