2024 Fica Max Limit. The 2024 limit is $168,600, up from $160,200 in 2023. For 2024, the irs has set the fica limit at $160,200.
Once an employee’s salary reaches that limit, they are no longer required to pay this. There is no wage base limit for.
[4] For Both Years, There Is An Additional 0.9%.
There is no wage base limit for.
For 2024, The Social Security Tax Limit Is $168,600 (Up From $160,200 In 2023).
For 2024, the fica tax rate for employers will be 7.65% — 6.2% for social security and 1.45% for medicare (the same as in 2023).
In 2024, The First $168,600 Is Subject To The Tax.
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[4] For Both Years, There Is An Additional 0.9%.
Once an employee’s salary reaches that limit, they are no longer required to pay this.
1, 2023, The Maximum Earnings Subject To The Social Security Payroll Tax Will.
That’s up from the current number of $160,200.
For 2023, The Wage Base Was $160,200.