Medicare Fica Rate 2024. 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%. In 2024, only the first $168,600 of your earnings are subject to the social security tax.
The second half of fica is the medicare tax. Fica combines social security and medicare taxes for a total rate of 15.3%, but the cost is split between each party.
