Medicare Employer Tax Rate 2024 Ny

Medicare Employer Tax Rate 2024 Ny. This tax is 1.45% for the employee and 1.45% for the employer, totaling 2.9% of earned wages. The social security wage base limit for 2024 has increased to $168,600 (max tax $10,453.20).

Federal payroll tax rates for 2024 are: The maximum an employee will pay in 2024 is $10,453.20.