Medicare Tax Rate 2024 Limits

Medicare Tax Rate 2024 Limits. Attention to detail is important when discussing fica rates and limits, as they may change each calendar year. The medicare tax rate for 2024 is 2.9% and is split between employees and their employer, with each paying 1.45%.

For 2024, if your income is greater than $103,000 and less than $397,000 the. 1.45% for both the employer and the employee.