11/4/2022

Article for Tax Guide Online

The 2023 Medicare tax rate is 2.9%. You’re typically responsible for paying half of this amount (1.45%), and your employer is responsible for the other half. Learn more.

American workers have taxes for Social Security and Medicare withheld from their paychecks. Together, these two income taxes are known as the Federal Insurance Contributions Act (FICA) tax.

The 2023 Medicare tax rate is 2.9%. Typically, you’re responsible for paying half of this total Medicare tax amount (1.45%) and your employer is responsible for the other 1.45%. Your Medicare tax is deducted automatically from your paychecks.

 

error: Content is protected !!