2024 Fica Limit Wages. The employer fica rate is 7.65% in 2024. Social security tax rate for 2024:
The maximum fica tax rate for 2024 is 6.2%. Federal insurance contributions act (fica) changes.
The Wage Base Or Earnings Limit For The 6.2% Social Security Tax Rises Every Year.
What is the employer fica rate for 2024?
The Social Security Limit Is $168,600 For 2024, Meaning Any Income You Make Over $168,600 Will Not Be Subject To Social Security.
Federal insurance contributions act (fica) changes.
2024 Fica Limit Wages Images References :
The Maximum Fica Tax Rate For 2024 Is 6.2%.
The law requires employers to withhold a certain percentage of an employee’s wages to help fund social security and medicare.
For 2024, The Social Security Tax Limit Is $168,600 (Up From $160,200 In 2023).
6.2% for both the employer and the employee.