Fica And Medicare Tax Rate 2024. 29 rows tax rates for each social security trust fund. Employers must match the fica taxes paid by their.

Social security tax (6.2% of wages, up to a maximum taxable income) and medicare tax (1.45% of wages, with no income limit). Social security taxes are the 6.2% taken out of your paycheck each month (up to $168,600, the 2024 taxable maximum) while fica refers to the combination of social security and.