HR Fast Facts: Increase in Massachusetts State Income Withholding
December 13, 2022
Topic:
The State of Massachusetts subtracts withholdings for FICA (Social Security and Medicare) taxes from employees' gross taxable wages before calculating their MA personal income withholdings. If an employee reaches the wage limit for Social Security withholdings, they'll have no more Social Security withholdings. As a result, their taxable wages will be greater, and therefore their personal income withholding will increase.
This communication is for informational purposes only; it is not legal, tax or accounting advice; and is not an offer to sell, buy or procure insurance.
This post may contain hyperlinks to websites operated by parties other than TriNet. Such hyperlinks are provided for reference only. TriNet does not control such web sites and is not responsible for their content. Inclusion of such hyperlinks on TriNet.com does not necessarily imply any endorsement of the material on such websites or association with their operators.
Additional Articles
