What Is New for 2014 Payroll Tax Rate

[cybizme]

2014 Federal income tax tables are available.

For 2014, the annually one withholding allowance increased to $3,950.
For 2014, the employee and employer tax rate for social security is 6.2%. The social security wage base limit increases to $117,000.

Thanks,

Casey

[vangogh]

Thanks Casey. I wish I didn't have to start thinking about taxes, but I know the season is coming soon. Always good to know in advance some of the changes.