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Fica Medicare Percentage 2024 Chart. The 2024 medicare tax rate remains at 1.45% for both employees and employers totaling 2.9%, as it was in 2023. The social security wage cap will be increased from the 2023 limit of $160,200 to the new 2024 limit of $168,600.
For medicare’s hospital insurance (hi) program, the taxable maximum was the same as that for the. Fica is a 15.3% payroll tax that funds social security and medicare.
Fica Medicare Percentage 2024 Chart Images References :
