However, employers that pay qualified sick and family leave wages in 2024 for leave taken after March 31, 2020, and before October 1, 2021, are eligible to claim a credit for qualified sick and family leave wages in 2024. Generally, the credit for qualified sick and family leave wages, as enacted under the Families First Coronavirus Response Act (FFCRA) and amended and extended by the COVID-related Tax Relief Act of 2020, for leave taken after March 31, 2020, and before April 1, 2021, and the credit for qualified sick and family leave wages under sections 3131, 3132, and 3133 of the Internal Revenue Code, as enacted under the American Rescue Plan Act of 2021 (the ARP), for leave taken after March 31, 2021, and before October 1, 2021, have expired. The COVID-19 related credit for qualified sick and family leave wages is limited to leave taken after March 31, 2020, and before October 1, 2021, and may no longer be claimed on Form 941. Social security and Medicare taxes apply to election workers who are paid $2,300 or more in cash or an equivalent form of compensation in 2024. There is no wage base limit for Medicare tax.Social security and Medicare taxes apply to the wages of household workers you pay $2,700 or more in cash wages in 2024. The social security wage base limit is $168,600.The Medicare tax rate is 1.45% each for the employee and employer, unchanged from 2023. The rate of social security tax on taxable wages is 6.2% each for the employer and employee. Social security and Medicare tax for 2024. 15 (sp) available for 2024.Unless otherwise noted, references throughout this publication to Form W-2 include Forms W-2AS, W-2CM, W-2GU, W-2VI, and Form 499R-2/W-2PR references to Form W-2c include Form 499R-2c/W-2cPR references to Form W-3 include Form W-3SS and Form W-3PR and references to Form W-3c include Form W-3C (PR). 179, Guía Contributiva Federal para Patronos Puertorriqueños, have been discontinued. Virgin islands, Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands and Pub. 80, Federal Tax Guide for Employers in the U.S. 51, Agricultural Employer's Tax Guide Pub. 15 can now be used by all employers, including agricultural employers and employers in the U.S.

Irs income tax withholding tables 2020