What Is The Fica Limit For 2024 Withholding. This amount is also commonly referred to as the taxable maximum. For the 2024 tax year, the wage base limit is $168,600 (which is up from $160,200 in 2023).

For 2024, the fica tax rate for both employers and employees is 7.65% (6.2% for oasdi and 1.45% for medicare). Use the current tax rates and income limits provided by the irs.