Fica 2024 Tax Rate. It remains the same as 2023. Social security and medicare tax for 2024.
Learn precise tax calculation examples and stay compliant to avoid penalties Get the full rundown on fica taxes.
What Is The Employer Fica Rate For 2024?
Medicare and social security taxes.
Your Employer Also Pays 6.2% On Any Taxable Wages.
For 2024, the fica tax rate for both employers and employees is 7.65% (6.2% for oasdi and 1.45% for medicare).
Fica 2024 Tax Rate Images References :
It Remains The Same As 2023.
The fica tax rate, which is the combined social security rate of 6.2 percent and the medicare rate of 1.45 percent, remains 7.65 percent for 2024 (or 8.55 percent.
That Means That The Fica Tax Would Be Figured Using An Earned Income Of $92,350.
We make it easy to understand medicare and social security taxes, current fica tax rates, and more.