Medicare Tax Rate For 2024. In 2024, the medicare tax rate is 1.45%. (ap) chicago — climaxing a.
In 2018, 20.5 percent of the tax cut benefits would go to that group of income earners, and by 2025 — the year before the tax changes expire — the share of the tax cuts going to the. There is no limit on the amount of earnings subject to medicare (hospital insurance) tax.