What Is The Fica Limit In 2024

What Is The Fica Limit In 2024. This amount is also referred to as the “wage base limit” or the “taxable maximum.” it changes every year depending on the national.  — the 2024 rate for the social security tax is 6.2% of an employee’s gross earnings up to $168,600 (this limit changes each year), with a matching 6.2% from the employer.

For 2024, the maximum income subject to the social security portion of the fica tax is $147,000. For 2024, the social security tax limit is $168,600 (up from $160,200 in.