Fica Limit 2024 Social Security Tax

Fica Limit 2024 Social Security Tax. For 2024, an employer must withhold: For 2024, the fica tax rate for employers will be 7.65% — 6.2% for social security and 1.45% for medicare (the same as in 2023).


Fica Limit 2024 Social Security Tax

The 2024 limit is $168,600, up from $160,200 in 2023. Of course, both employers and employees pay the 6.2% social security tax rate, which means there could be a max payment next year of:

Fica Limit 2024 Social Security Tax Images References :