Today, from my wife’s employer:
Happy New Year Everyone!
Effective January 1, 2013 the law has changed regarding Social Security taxes. Employee contributions will increase from the 2012 rate of 4.2% to 6.2%. Payroll checks dated January 3, 2013 will reflect these changes. In the event that there is legislation to change the withholding requirements and these changes are retroactive to January 1, you will be refunded the difference in a timely manner.