Medicare Tax Limit For 2024. 1.45% for the employer and 1.45% for the employee or 2.9% total; The medicare tax rate for 2024 is 2.9% and is split between employees and their employer, with each paying 1.45%.

In 2024, the medicare tax rate is 1.45% for an employee and 1.45% for an employer, for a total. There is no limit on the amount of earnings subject to medicare (hospital insurance) tax.