Fica Limits For 2024. In 2024, the social security wage base limit rises to $168,600. For those responsible for employment tax.
For 2023, the wage base was $160,200. Social security administration publishes wage base projections for 2024 through 2032.
For Those Responsible For Employment Tax.
The fica rate for 2024 remains unchanged at 7.65% for employers and 7.65% for employees.
For 2023, The Wage Base Was $160,200.
For earnings in 2024, this base is.
Social Security Administration Publishes Wage Base Projections For 2024 Through 2032.
Images References :
How Does Fica Tax Work In 2024?.
That means for you number.
Federal Insurance Contributions Act (Fica) Changes.
For both of them, the current social security and medicare tax rates are 6.2% and 1.45%, respectively.