Back to top

Client Login


Temporary Payroll Tax Relief Expires end of 2012

Posted by Admin Posted on June 22 2015
The tempory payroll tax relief which reduced employees and self-employed individuals share of social security taxes from 6.2% to 4.2% expired at the end of 2012. The temporary tax relief was available in 2011 and 2012. Effective January 1, 2013, the witholding rate was increased to 6.2%. A taypayer with $100,000 in wages or self-employment income will see their social security taxes increase $2,000 in 2013. The maximum wages or self-employment income subject to social security taxes is $113,700 in 2013.