Fica Social Security Rate 2024. The social security tax is a component of fica that funds the social security program, providing retirement, disability, and survivor benefits. What is the 2024 fica rate.


Fica Social Security Rate 2024

The rate of social security tax on taxable wages is 6.2% each for the employer and employee. Thus, an individual with wages equal to or larger than $168,600.

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