Medicare Tax Limit 2024 For Investment Income Chart. The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. People with medicare who earn a high income have to pay an irmaa, an extra charge on medicareparts b and d.

On october 12, 2023, the centers for medicare & medicaid services (cms) released the 2024 premiums, deductibles, and coinsurance amounts for the medicare part a and part. The 2024 medicare tax rate remains at 1.45% for both employees and employers totaling 2.9%, as it was in 2023.