Social Security Tax Adjustment for 2013 Expiration of the “Tax Relief Act”
In 2010, Congress passed a temporary measure to reduce the employee portion of the Social Security tax rate from 6.20% to 4.20%, effective January 1st 2011. This reduction did not impact the employer portion of the FICA tax charged on wages by the Federal Government. Though the reduction was not intended to be permanent, the […]
