Fica Tax Maximum 2025. Fica is a 15.3% payroll tax that funds social security and medicare. Fica stands for the federal insurance contributions act and requires employers to withhold three separate taxes from an employee’s gross earnings:
Fica taxes consist of two parts: For earnings in 2024, this base is $168,600.
Fica Is The Us Payroll Tax That Funds Federal Safety Net Programs For Retirement And Health Care.
Learn about how fica works and how much you pay.
Medicare And Social Security Taxes.
For both of them, the current social security and medicare tax rates are 6.2% and 1.45%, respectively.
Fica Tax Maximum 2025 Images References :
We Call This Annual Limit The Contribution And Benefit Base.
What are the fica tax rates and limits?
Read On To Learn More About The Fica Tax Limit And The Fica Tax Rates For Employers Paying Taxes On Your Behalf.
Fica is the us payroll tax that funds federal safety net programs for retirement and health care.