Employee Payroll Taxes are Set to Increase in 2013

Employee Payroll Taxes are Set to Increase in 2013. For 2011 and 2012, employees have received a break on their wage withholdings.  The Old-Age, Survivors, and Disability Insurance (OASDI) rate – previously 6.2% – was reduced to 4.2% for these two years.  In 2013 the rate is scheduled to go back to 6.2%.

The OASDI, also…