Fica Wage Limit 2024. Social security wage base limit for 2024: Only the social security tax has a wage base limit.
For 2024, the fica tax rate for both employers and employees is 7.65% (6.2% for oasdi and 1.45% for medicare). What is the 2023 & 2024 wage.
The Social Security Wage Base Limit Is $160,200.The Medicare Tax Rate Is 1.45% Each For The Employee And Employer, Unchanged From 2022.
Refer to publication 15 (circular e), employer's tax guidefor more information.
What Are The Fica Taxes?
For 2024, the fica tax rate for both employers and employees is 7.65% (6.2% for oasdi and 1.45% for medicare).
Estimated Wage Base $ 2024 (Actual) 168,600.
Images References :
The Social Security Wage Base Limit Is $160,200.The Medicare Tax Rate Is 1.45% Each For The Employee And Employer, Unchanged From 2022.
For 2024, the amount is $168,600, for a total tax of $10,453.20.
2024 Taxable Wage Base Projection:
What is the 2023 & 2024 wage.
There Is No Income Limit On Medicare Taxes.