2013 Payroll Tax Rates & New Wage Limits

 

The following are the changes in payroll taxes effective January 1, 2013:

Employee Withholdings Rate Taxable Wage Base Per Person
Social Security 6.2% Maximum wages: $113,700
Medicare 1.45% No limit
Additional Medicare Tax 0.9% Wages over $200,000
Federal Withholding Use withholding tables in Publication 15 dated
January, 2013
RI Withholding Use withholding tables in RI Booklet dated
January, 2013
TDI 1.2% Maximum wages: $61,400
Employer Payroll Taxes
Social Security 6.2% Maximum wages: $113,700
Medicare 1.45% No limit
SUTA Assigned rate* Maximum wages: $20,200
New Employer Rate SUTA 2.83% Maximum wages: $20,200
JDF 0.51% Maximum wages: $20,200
FUTA 0.6% Maximum wages: $ 7,000
RI Additional 0.3%

 

*DET will let you know what your SUTA rate is by January, 2013.

If you have any questions, please contact us.