What Is The Current Fica Rate For 2024. You’re typically responsible for paying half of this amount (1.45%), and your employer is responsible for the other half. The fica tax rate, which is the combined social security rate of 6.2 percent and the medicare rate of 1.45 percent, remains 7.65 percent for 2024 (or 8.55 percent for.
The social security limit is $168,600 for 2024, meaning any income you make over $168,600 will not be subject to social security tax. The current fica tax rate for 2024 can have a substantial impact on your net income for the year.
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