Fica Tax Rate 2024 Self Employed. You'll use schedule c to calculate net earnings and schedule se to calculate. The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total.

2% social security tax on the first $168,600 of wages (6.2% x $168,600 makes the maximum tax $10,453.20), plus. This is how it breaks down: