Fica And Medicare Tax Rate 2024

Fica And Medicare Tax Rate 2024. This is your definitive guide to understanding the fica tax rate for 2024. Employers are required to withhold 1.45% of each employee’s taxable wages to cover it.


Fica And Medicare Tax Rate 2024

Specifically, 6.2% of an employee’s gross. The 2024 rate for the medicare tax is set at 1.45% of an employee’s gross earnings, and the employer portion matches that 1.45%.

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Fica And Medicare Tax Rate 2024