Make sure that you are aware of the following important 2023 tax law changes at the State (Ohio) & Federal levels:
- Ohio Minimum Wage Increase effective 1/1/23: https://com.ohio.gov/about-us/media-center/news/minimum-wage-increase-announced
- 401(k) Contribution Limit & Catch-Up: https://www.irs.gov/newsroom/401k-limit-increases-to-22500-for-2023-ira-limit-rises-to-6500
- 2023 Wage Cap for Social Security Payroll Taxes: https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2023
- Read about all of the Federal and State of Ohio tax law changes for 2023 at https://www.irs.gov/newsroom and https://tax.ohio.gov/home/news