Medicare Tax Rate 2024 High Income. The affordable care act enforces high wage earners to pay an extra medicare payroll tax, or medicare surtax, of 0.9% on earned income. In 2024, only the first $168,600 of your earnings are subject to the social security tax.
The tax rate for the additional medicare tax is 0.9%. For example, when you apply for medicare coverage for 2024, the irs will provide medicare with your income from your 2022 tax return.
Medicare Tax Rate 2024 High Income Images References :
