New 2023 FICA Limit and Wage Base Update
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/
Add your thoughts on social:
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.
The 2026 Mobility Compliance Landscape: The First 90 Days and What HR & Payroll Must Do Now
Trends to Watch in 2026: How Global Mobility Is Transforming into a Strategic Workforce Function
Shadow Payroll & Global Gross-Up Requirements for 2026: Why Q1 Is the Most Dangerous Quarter — and How to Avoid Costly Mistakes
Request A Demo
Whether you are new to the world of global mobility or you’ve been in the business for a while, Ineo is here to assist you.
The best way to learn how Ineo’s global mobility software can help your company revolutionize your global mobility program and support your business strategy is to see it in a demo.
Fill out this form to get started today.
Get Started