What Is The 2024 Fica Rate

What Is The 2024 Fica Rate. Here’s how your fica taxes work and how they impact your paycheck. For 2024, the fica tax rate for both employers and employees is 7.65% (6.2% for oasdi and 1.45% for medicare).

The 2024 rate for the social security tax is 6.2% of an employee’s gross earnings up to $168,600 (this limit changes each year), with a matching 6.2% from the. The employer fica rate is 7.65% in 2024.