Medicare Tax Rate 2024 2024. Incoming president ronald reagan echoed william graham sumner when he insisted that this system took tax dollars from hardworking white men and redistributed them to. The medicare tax rate for 2024 and 2025 is 2.9% and is split between employees and their employer, with each paying 1.45%.

Employers must pay 1.45% of each. If you work for an employer, you are responsible for half of the total.