Fica 2024 Limits
Fica 2024 Limits. For 2024, an employer must withhold: In 2024, the first $168,600 is subject to the.
Download a printable pdf highlights version of this. For 2024, the social security tax limit is $168,600 (up from $160,200 in 2023).
For 2024, An Employer Must Withhold:
For 2024, the irs has set the fica limit at $160,200.
The Social Security Wage Base Has Increased From $160,200 To $168,600 For 2024, Which Increases.
For 2023, an employer must withhold:
Download A Printable Pdf Highlights Version Of This.
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Social Security Tax Must Be Withheld At 6.2% Until Employees’ Wages Reach This Limit.
For 2024, the fica tax rate for both employers and employees is 7.65% (6.2% for oasdi and 1.45% for medicare).
Additional 3.8% Federal Net Investment Income (Nii) Tax.
Fica taxes consist of two parts:
2024 Benefit Plan Limits &Amp; Thresholds Chart.