What Is The Maximum Fica Tax For 2024. For both of them, the current social security and medicare tax rates are 6.2% and 1.45%, respectively. It remains the same as 2023.
The rate is for both employees and employers, according to the internal revenue code. For both of them, the current social security and medicare tax rates are 6.2% and 1.45%, respectively.
Social Security Wage Base 2024 Increase.
Fica percentages, maximum taxable wages, and maximum tax year:
The Social Security Limit Is $168,600 For 2024, Meaning Any Income You Make Over $168,600 Will Not Be Subject To Social Security Tax.
For 2024, the amount is $168,600, for a total tax.
The Social Security Wage Base Limit Is.
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Given These Factors, The Maximum Amount An Employee And Employer.
The maximum fica tax rate for 2024 is 6.2%.
However, There Is No Maximum Income Limit For The Medicare Portion Of The.
The maximum amount of social security tax an employee will have withheld from their paycheck in 2024 will be $10,453.20 ($168,600 x 6.2%).