What Are The Fica And Medicare Rates For 2024 Usa. Social security tax (6.2% of wages, up to a maximum taxable income) and medicare tax (1.45% of wages, with no income limit). Fica taxes are divided into two parts:

The social security tax rate is 6.2% of wages for 2023, and the medicare tax rate is. You’re responsible for paying half of this total medicare tax amount (1.45%) and your employer is.