Max Fica Withholding 2024. So, you’re looking at a potential $7,500 increase in the taxable wage base from this year to next. On a pay stub, it may appear as fica (oasdi).
For 2024, the maximum income subject to the social security portion of the fica tax is $147,000. This amount is also commonly referred to as the taxable maximum.
The Social Security Tax Part Is 12.4% And The Medicare.
For those responsible for employment tax budgets, or just curious.
Attention To Detail Is Important When Discussing Fica Rates And Limits, As They May Change Each Calendar Year.
We call this annual limit the contribution and benefit base.
For 2024, The Maximum Income Subject To The Social Security Portion Of The Fica Tax Is $147,000.
Images References :
This Amount Increases To $168,600 For 2024.
That money goes to the government in the form of payroll taxes.
6.2% Social Security Tax On The First $168,600 Of Employee Wages (Maximum Tax Is.
