Medicare Tax Rate 2024 Irs. The child tax credit increased to $2,000. In 2023, the medicare tax rate is set at 1.45%, which is matched by an additional 1.45% from employers, for a total of 2.9%.

Kamala harris did not vote for a law that taxed service workers’ tips. The medicare tax rate for 2024 is 2.9% and is split between employees and their employer, with each paying 1.45%.