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New 2023 FICA Limit and Wage Base Update

1 min read
•
10/13/2022

The new 2023 FICA (Social Security) limit has increased from $147,000 to $160,200. With this 8.98 percent increase, up to $9,932.40 can be withheld in 2023 from employees Social Security and Medicare wages. The withholding percent remains 6.20 percent for Social Security (FICA) and 1.45 percent unlimited wage base for Medicare taxes.

For more information, visit https://www.ssa.gov/cola/

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Global Mobility Resources

Learn more about what’s going on at Ineo and insights into the complex world of global mobility from the industry’s top thought leaders and innovators.

5 min read
•
11/17/2024
Case Study: How Partnering With Ineo Saved One Global Mobility Leader 600+ Hours of Processing Time Per Year

Read Ineo’s Client Case Study, showcasing how Ineo saved one…
3 min read
•
11/11/2024
Ineo Expands Leadership and Global Presence, Signaling Strategic Growth

Click to access the Press Release
4 min read
•
11/07/2024
Top 5 Features Relocation Management Software Should Have

Let’s dive into the top five features every assignment management…

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