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U.S. Social Security Changes for 2023

|Approved Changes|United States
United States

The U.S. Social Security Administration has published a factsheet on the 2023 Social Security Changes. For both employers and employees, the rate for the Social Security portion (OASDI) remains 6.20%, and the rate for the Medicare portion remains 1.45%. For the self-employed, the OASDI rate remains 12.4% and the Medicare rate remains 2.9% (15.30% combined rate). Further, for individuals with e…

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