Social Security Medicare Tax Rate 2024

Social Security Medicare Tax Rate 2024. The rate of social security tax on taxable wages is 6.2% each for the employer and employee. The social security tax rate.

Former president donald trump’s pledge to cut taxes that seniors pay on their social security income would ultimately hurt the program, experts say. The employee tax rate for social security is 6.2% — and the employer tax rate for social security is also 6.2%.