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:
- 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.
- 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,