2024 Fica And Medicare Tax Rates 2024. The 2024 rate for the medicare tax is set at 1.45% of an employee’s gross earnings, and the employer portion matches that 1.45%. 6.2% for the employee plus 6.2% for the employer;
The social security wage base limit is $168,600.the medicare tax rate is. In 2024, the medicare tax rate is 2.9%, with half (1.45%) paid by the employee and the other half (1.45%) paid by the employer.
