Fica Limit 2024 Maximum Benefit. The wage base or earnings limit for the 6.2% social security tax rises every year. Mukul goyalm says union budget 2024 expected to focus on workforce development and msme job.
The 2024 limit is $168,600, up from $160,200 in 2023. The maximum fica tax rate for 2024 is 6.2%.
For 2024, the social security tax limit is $168,600 (up from $160,200 in 2023).
Once an employee’s salary reaches that limit, they are no longer.
A significant demand is to increase the section 80c tax deduction benefits.
For 2024, an employer must withhold:
Fica Limit 2024 Maximum Benefit. The wage base or earnings limit for the 6.2% social security tax rises every year. Mukul goyalm says union budget 2024 expected to focus on workforce development and msme job. The 2024 limit is $168,600, up from $160,200 in 2023. The maximum fica tax rate for 2024 is 6.2%. This…
