FICA Tax Calculator
Computes combined Social Security (6.2%) and Medicare (1.45%) tax for employees and employers
Gross pay amount before any deductions
Enter wages to see employee FICA per paycheck
Employer matching FICA per paycheck
Total employee FICA taxes for the year
Total employer FICA taxes for the year
Frequently Asked Questions
What is FICA tax?
FICA stands for Federal Insurance Contributions Act. It funds Social Security (6.2% from employee + 6.2% from employer) and Medicare (1.45% each). Total FICA is 15.3%, split equally between employee and employer.
Is there a cap on FICA taxes?
Social Security tax applies only to earnings up to $168,600 (2024). Once you earn above this, no more SS tax is withheld. Medicare has no cap and adds an extra 0.9% on earnings above $200,000 for single filers.
Do employers pay FICA too?
Yes. Employers match the employee's 6.2% Social Security and 1.45% Medicare contributions. The employer does not pay the additional 0.9% Medicare tax on high earners. Total employer FICA cost is 7.65% of wages up to the SS cap.
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