Fica Medicare Rates 2024

Fica Medicare Rates 2024. The current rate for medicare is 1.45% for the employer and 1.45% for the employee, or 2.9% total. For 2024, the fica tax rate for both employers and employees is 7.65% (6.2% for oasdi and 1.45% for medicare).

The 2024 rate for the medicare tax is set at 1.45% of an employee’s gross earnings, and the employer portion matches that 1.45%. The second half of fica is the medicare tax.