Medicare Tax Rate 2024 Limit 2024. 6.2% for the employee plus 6.2% for the employer; Section 80d senior citizens can claim up to rs 50,000 for health insurance.
For 2024, the fica tax rate for both employers and employees is 7.65% (6.2% for oasdi and 1.45% for medicare). There is no wage limit for medicare tax, which is currently 1.45% (same as 2023) and applied to all covered wages paid.