Employers Hesitant, Confused Over Payroll Tax Suspension - SHRM
Sep 8, 2020 · Employers have not rushed to offer their workers a suspension of payroll taxes through the end of the year. Some are waiting for additional guidance that might protect them from the …
Dearly Departed: Final Wage Payments for Deceased Employees - SHRM
Mar 9, 2016 · Should Taxes Be Withheld? Employers should determine whether to withhold employment taxes on the final wages of a deceased employee. Here, federal law is important.
2022 Wage Cap Jumps to $147,000 for Social Security Payroll Taxes
Oct 13, 2021 · Starting Jan. 1, the maximum earnings subject to the Social Security payroll tax will increase. By the start of the new year, U.S. employers should adjust their payroll systems to account …
2019 Payroll Taxes Will Hit Higher Incomes - SHRM
Oct 12, 2018 · Starting Jan. 1, 2019, the maximum earnings that will be subject to the Social Security payroll tax will increase to $132,900. Before the start of new year, U.S. employers should adjust their ...
An Overview of Puerto Rico Employment Law - SHRM
Dec 5, 2018 · Other deductions that are required or authorized by law include those for normal payroll taxes (income taxes, Social Security and Medicare), child support, or for garnishment of wages, …
6 Ways to Help Your Employees During Tax Season - SHRM
Mar 6, 2024 · Employers can’t fill out tax returns for their workers, but they can lend some help. Here are six ways that employers can assist employees with the annual drudgery of tax preparation.
If an employer missed a premium deduction for insurance, can the ...
Nov 16, 2023 · In such situations, an employer may first reference its summary plan description for any mention of underpayments or missed payments to see whether this topic and a procedure are …
2023 Benefit Plan Limits & Thresholds Chart - SHRM
Oct 28, 2022 · A handy chart showing 2023 benefit plan limits and thresholds: 401(k) plans, health savings accounts, health and dependent care flexible spending accounts, transit benefits and more.
2020 HSA Limits Rise Modestly, IRS Says - SHRM
May 28, 2019 · 2020 Payroll Taxes Will Hit Higher Incomes, SHRM Online, October 2019 PBGC Raises Pension Premium Rates for 2020, SHRM Online, October 2019
2023 BENEFIT PLAN LIMITS & THRESHOLDS CHART Social Security (FICA) Payroll Tax ... Source: Social Security Administration.