Medicare Withholding Rates For 2024

Medicare Withholding Rates For 2024. What are the federal income tax rates for 2024? In 2023 and 2024, the medicare tax is 1.45% on an individual's wages.


Medicare Withholding Rates For 2024

The 2024 medicare tax rate remains at 1.45% for both employees and employers totaling 2.9%, as it was in 2023. The medicare tax rate for 2024 is 2.9% and is split between employees and their employer, with each paying 1.45%.

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