Medicare Tax Rate 2024 For High Earners
Medicare Tax Rate 2024 For High Earners. The income brackets are the same. In 2023, the medicare tax rate is set at 1.45%, which is matched by an additional 1.45% from employers, for a total of 2.9%.
It’s a mandatory payroll tax applied to earned. It’s like a surtax to make sure the high rollers contribute more to healthcare.