Fica Limit 2024 Social Security
Fica Limit 2024 Social Security. Social security tax must be withheld at 6.2% until employees’ wages reach this limit. The rate of social security tax on taxable wages is 6.2% each for the employer and employee.
The first part of fica is the social security tax. The 2024 limit is $168,600, up from $160,200 in 2023.