Employer Fica Tax Rate 2024. For 2024, the fica tax rate for employers will be 7.65% — 6.2% for social security and 1.45% for medicare (the same as in 2023). The 2024 rate for the social security tax is 6.2% of an employee’s gross earnings up to $168,600 (this limit changes each year), with a matching 6.2% from the.

Payroll tax rates include several parts, but at the federal level, employers must pay taxes under the federal insurance. The current gross futa tax rate is 6.0% of taxable wages, to be paid by the employer only.