2024 Additional Medicare Tax Limit 2024

2024 Additional Medicare Tax Limit 2024. For 2024, the medicare surtax thresholds are set to impact single filers with an adjusted gross income (agi) above $200,000 and married couples filing jointly with an agi exceeding $250,000. For federal income tax withholding, the rate is 1.5% of wages.


2024 Additional Medicare Tax Limit 2024

In 2024, the medicare tax rate for employers and employees is 1.45% of all wages, unchanged from 2023. However, as an employed individual, you are only responsible for half or 1.45% and your employer is responsible for.

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