January 14, 2013

Earn an Incentive with a Free Health Screening
Flu Season is Here!
Nominations Open for Award of Distinction
Tobacco-Free Emory Celebrates One Year
New Social Security Tax Withholding Rules for 2013
New IRS limits for 2013
New Caregiver Support Program
Save the Date: WorkLife Resource Center Summer Camp Expo
All About Health - January/February 2013
Introducing FSAP’s “Tuesday Talk” on Facebook
Change the Way Your Student Sees the World!
Emory Pre-College Program Accepting Applications
Learning & Organizational Development Offering Classes


New Social Security Tax Withholding Rules for 2013

Under federal regulations effective January 1, 2013, the amount of Social Security (OASDI) tax that will be deducted from your paycheck will be increased to 6.2% of gross earnings, rather than the 4.2% that was deducted in 2011-2012. The “payroll tax holiday” – a 2% reduction -- was originally implemented by the federal government for 2011, and was extended into 2012.  The reduction expired on January 1, 2013.

As a result, all Emory faculty and staff will see a larger Social Security (OASDI) deduction taken out of paychecks beginning in January (Jan. 11 paycheck for bi-weekly paid employees and Jan. 31 paycheck for monthly paid employees).

Other changes to Social Security tax withholding for 2013 include:

  • The Social Security (OASDI) wage base increased to $113,700.
  • The Patient Protection and Affordable Care Act of 2010 increased the Medicare part A payroll tax by 0.9% (from 1.45% to 2.35%) for all income above $200,000.

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