Updates for Payroll for October

Here are our updates for October.  I pick one item from each of my newsletters to feature.  To receive all of our payroll news updates, please subscribe to my news update service.

October 19:

Unemployment Insurance 2023 Wage Bases and Rates:

  • New York: The taxable wage base for 2023 will be $12,300
  • Oklahoma: The unemployment taxable wage base will increase to $25,700.
  • Wisconsin: For 2023, Schedule D remains in effect
  • Wyoming: the 2023 unemployment taxable wage base will increase to $29,100.

October 15:

IRS has announced transportation fringe benefits for 2023.  They are:

Qualified transportation: For taxable years beginning in 2023, the monthly limitation under § 132(f)(2)(A) regarding the aggregate fringe benefit exclusion amount for transportation in a commuter highway vehicle and any transit pass is $300.  The monthly limitation under § 132(f)(2)(B) regarding the fringe benefit exclusion amount for qualified parking is $300.

October 14: 

Washington: the state has two items for today’s update. These are:

  1. The Seattle Office of Labor Standards has announced the 2023 minimum wage
    • For large employers (501 or more employees): $18.69 per
    • For small employers (500 or fewer employees) who do pay at least $2.19 per hour toward the employee’s medical benefits and/or where the employee does earn at least $2.19 per hour tips the rate will be $16.50 per hour, otherwise the minimum wage rate of $18.69 per hour would apply.
  2. The SeaTac minimum wage rate for hospitality and transportation industry employees working in and near SeaTac will increase to $19.06 per hour, effective January 1,