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Posts Tagged ‘Payroll Tax Increase’

Payroll Tax Increase!

Thursday, January 3rd, 2013

This is just a helpful hint to make you aware that the amount of social security tax withheld from your paychecks has increased from 4.2% to 6.2% starting on 1/1/13. Unfortunately that means that your paychecks will be smaller in the New Year, so you may want to plan accordingly.

Please consult your tax advisor regarding the above information.