2024 Additional Medicare Tax Limit Increase

2024 Additional Medicare Tax Limit Increase. The 2024 medicare tax rate remains at 1.45% for both employees and employers totaling 2.9%, as it was in 2023. Unlike the additional medicare tax, there is no base limit on wage, so all wages are subject to.

The additional medicare tax is for high earners and is the sole financial responsibility of the employee and is not split. This cost will be added to your social security and state.