2024 Fica And Medicare Rates. 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). Refer to publication 15 (circular e), employer's tax guidefor more information.

The current rate for medicare is 1.45% for the employer and 1.45% for the employee, or 2.9% total. All wages are subject to medicare tax.