Medicare Tax Rate 2024 Limit Increase
Medicare Tax Rate 2024 Limit Increase. There is an additional 0.9% surtax on top of the standard 1.45% medicare tax for those who earn over $200,000 (single filers), $250,000 (joint filers) or $125,000. The 2024 medicare tax rate remains at 1.45% for both employees and employers totaling 2.9%, as it was in 2023.
The total medicare tax rate in 2024 is 2.9%. The 2024 medicare tax rate is 2.9% total.