IRS Rates

Wondering about the rates that will be effective for this tax season..... The QuickBooks Gal is here to help. 

Payroll rates and bases                                                         2013

Employee SS and Medicare                                                6.20%/ 1.45%*

Employer SS and Medicare                                                6.20% / 1.45%

Social Security wage limit                                                   $113,700

Medicare wage limit *                                                        Unlimited

FUTA- taxable wage base                                                 $7,000

FUTA rate                                                                         6.0%

FUTA maximum credit                                                       5.4%

Minimum FUTA deposit rate                                              0.6%

* For 2013, withhold added Medicare tax of .9% on wages over $200,000

Standard mileage rates                                                     2013

Business*                                                                            56.5 cents/ mile

Relocation                                                                           24 cents/mile

Medical                                                                               24 cents/ mile

Charitable rate                                                                     14 cent/mile

*For owned/leased passenger autos, vans, pickups or panel trucks and up to 4 taxis used for hire on which no 179 or depiction was taken.

Need help with Bookeeping, Payroll, or have a QuickBooks mess? Then call the QuickBooks Gal today at 775-348-9225!


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