After President Barack Obama signed the tax rate changes into law, IRS released the new updated income-tax withholding tables for 2013 on Jan 3. The revised withholding tables show the new rates in effect for 2013 and supersede the tables published on Dec 31, 2012.
For 2013, the employee tax rate for social security increases to 6.2%. The social security wage base limit increases to $113,700. According to IRS, Employers should implement the 2013 revised withholding tables and new Social Security tax rate as soon as possible, but no later than February 15, 2013.
We have updated ezPaycheck 2013 payroll software for this change.
If you are a new user, you can download ezPaycheck 2013 and try it free for 30 days at
http://www.halfpricesoft.com/payroll_software_download.asp
If you are ezPaycheck 2012 users, we would like to suggest you to back up your database first then download ezPaycheck 2013 update package at
http://www.halfpricesoft.com/payroll_software_update_2013.asp
