Fica Limit 2024 Maximum. A wage base limit applies to employees who pay social security taxes. What is the maximum income subject to fica tax for 2024?
Social security tax (6.2% of wages, up to a maximum taxable income) and medicare tax (1.45% of wages, with no. The maximum fica tax rate for 2024 is 6.2%.
(For 2023, The Tax Limit Was $160,200.
The deduction applies to a basket of investments and.
For 2024, The Social Security Tax Limit Is $168,600 (Up From $160,200 In 2023).
The taxable wage base estimate has been released, providing you with key numbers.
Fica Limit 2024 Maximum Images References :
6.2% Social Security Tax On The First $168,600 Of Employee Wages (Maximum Tax Is $10,453.20;
The social security wage base limit is $168,600.the medicare tax rate is 1.45% each for the employee and employer, unchanged from 2023.
