Medicare Tax Rate 2024 Limit Irs. As mentioned above, medicare tax has no income cap. In 2023, the medicare tax rate is set at 1.45%, which is matched by an additional 1.45% from employers, for a total of 2.9%.

Here’s the breakdown of the. The standard monthly premium for medicare part b enrollees will be $174.70 for 2024, an increase of $9.80 from $164.90 in 2023.