What changes are being made to Form W-2 PR for the tax year 2022?
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Last modified 5/19/2023 2:48:02 AM EST |
Added by TaxBandits Team
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