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What changes are being made to Form W-2 PR for the tax year 2022?

The W-2 PR form for 2023 has some changes regarding the base limit of wages, withholdings, and contributions. These are listed below

  • TY 2022 Social Security wage base limit was changed to $147,000 from $142,800
  • Social Security withheld is changed to $9,114.00 from $8,853.60
  • Contributions to CODA PLANS cannot exceed $26,000
     

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