Fica And Medicare Rates 2024. Refer to publication 15 (circular e), employer's tax guidefor more information. You can calculate your fica taxes by multiplying your gross wages by the current social security and medicare tax rates.

The medicare tax rate in 2021 and 2022 is 1.45% for both the employer and the employee. They generally add up to 7.65% of your wages or salary and are mandatory.