2024

Fica And Medicare Rates 2024

Fica And Medicare Rates 2024. As of 2024, employers and employees each pay 6.2% for social security and 1.45% for medicare. For 2024, fica’s not pulling any surprises, with social security staying put at 6.2% and medicare holding.


Fica And Medicare Rates 2024

For 2024, the fica tax rate for both employers and employees is 7.65% (6.2% for oasdi and 1.45% for medicare). Social security tax (6.2% of wages, up to a maximum taxable income) and medicare tax (1.45% of wages, with no income limit).

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