Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

What's New This Year

Income

Expiration of Temporary Decrease in Employee’s Share of Payroll Tax

For 2013, social security tax is withheld from an employee’s wages at the rate of 6.2% up to the social security wage limit of $113,700. There is no change to Medicare withholding.

The same change applies to net earnings from self-employment—the rate is 12.4% up to the social security wage limit of $113,700.