Business Consultants & Certified Public Accountants

Philadelphia Wage Tax

The Philadelphia wage tax rate changes each year on July 1st.  Every paycheck dated after June 30th must be taxed at the new wage tax rate.  The new reduced tax rate for Philadelphia residents is 3.8809%; non-residents subject to Philadelphia wage tax will now be taxed at the rate of 3.4567%.  Although a wage tax reduction may be exciting to hear there will be no noticeable change in your paycheck.