Fica Social Security Tax Rate 2024
Fica Social Security Tax Rate 2024. Fica consists of social security and medicare. The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total.
[3] there is an additional. 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.