Fica Tax Rates 2024

Fica Tax Rates 2024. Fica tax is a mandatory payroll tax funding social security and medicare programs. Here are the latest inc0me tax slabs that will effective for current financial year after budget 2024.


Fica Tax Rates 2024

The federal insurance contributions act (fica) helps generate funding for the nation’s largest social insurance programs: For both of them, the current social security and medicare tax rates are 6.2% and 1.45%, respectively.

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