Fica And Medicare Withholding Rates For 2024 India

Fica And Medicare Withholding Rates For 2024 India. Attention to detail is important when discussing fica rates and limits, as they may change each calendar year. In 2024, the medicare tax rate is 1.45% for an employee.

Social security tax (6.2% of wages, up to a maximum taxable income) and medicare tax (1.45% of wages, with no income limit). No more can be withheld from your paycheck for social security taxes for the year regardless of how.