Note: This is the early release for tax year 2023.
For details on 2023 changes, read the IRS instructions.
New and improved:
- We updated the 2023 tax form and instructions with IRS changes.
- We updated all business rules and custom queries for 2023 form fields.
- We added sample import files and Excel data shells.
- We updated all reports for 2023 tax form changes.
- We updated all help files for 2023.
Form changes:
- For tax year 2023, the Social Security Wage Base is now $160,200.
- For tax year 2023, the Social Security tax withheld amount should not exceed $9,932.40 ($160,200 × 6.2%).
- The tax year 2023 Social Security and Medicare coverage threshold for Household wages is now $2,600 ($200 increase from 2022).
- Beginning in tax year 2023, the W-2 is one of the forms subject to the electronic filing threshold change. As a result, if your business has an aggregate total of 10 or more W-2, 1099, 1042-S, or 1095 forms, you will now be required to file electronically.
