Medicare Tax Rate 2024 Self Employed

Medicare Tax Rate 2024 Self Employed. The medicare tax rate is set at 2.9%, with no cap on the income it applies to, bringing the total seca tax rate to 15.3%. Additionally, there is no wage limit for.

Employees must pay 1.45% of their gross pay. The 2024 medicare tax rate remains at 1.45% for both employees and employers totaling 2.9%, as it was in 2023.