Fica Medicare Percentage 2024au. The medicare tax rate for 2024 remains at 1.45% of all covered earnings for employers and employees. 1.45% for the employer and 1.45% for the employee or 2.9% total.

In 2024, only the first $168,600 of your earnings are subject to the social security tax. 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.