Fica Tax Rate 2024 For Medicare , Fica Tax Rate 2024 For Medicare. Employers are required to withhold 1.45% of each employee’s taxable wages to cover it. Although these taxes are combined, they are not progressive. That is a total of 7.65% for each party or 15.3% for both. The 2024 medicare tax rate remains at 1.45% for both employees and employers totaling 2.9%, as it was in 2023. Fica Tax Rate 2024 For Medicare Images References : 2024
Fica Tax Rate 2024 For Medicare. Employers are required to withhold 1.45% of each employee’s taxable wages to cover it. Although these taxes are combined, they are not progressive. That is a total of 7.65% for each party or 15.3% for both. The 2024 medicare tax rate remains at 1.45% for both employees and employers totaling 2.9%, as it was in 2023.