IRS Revised 2013 Income Tax Tables. Employers Need to Use New Tax Tables As Soon As Possible

by admin 7. January 2013 06:39

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.


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