Fica Social Security Rate 2024

Fica Social Security Rate 2024. The rate is for both employees and employers, according to the internal revenue code. Federal payroll tax that plays a critical role in funding social security and medicare.


Fica Social Security Rate 2024

For 2024, the fica tax rate for employers will be 7.65% โ€” 6.2% for social security and 1.45% for medicare (the same as in 2023). The oasdi tax rate for wages paid in 2024 is set by statute at 6.2 percent for employees and employers, each.

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