2023 Social Security Wage Base Increases to $160,200
https://tax.thomsonreuters.com/news/2023-social-security-wage-base-increases-to-160200/
WEBOct 17, 2022 · For 2023, an employer must withhold: 6.2% Social Security tax on the first $160,200 of employee wages (maximum tax is $9,932.40; i.e., 6.20% × $160,200), plus; 1.45% Medicare tax on the first $200,000 of employee wages, plus; 2.35% Medicare tax (regular 1.45% Medicare tax + 0.9% additional Medicare tax) on all employee wages in …
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