Additional Medicare Tax Rate 2024au
Additional Medicare Tax Rate 2024au. The medicare tax rate for 2024 is 2.9% and is split between employees and their employer, with each paying 1.45%. The medicare tax is an additional 0.9% in tax an individual or couple must pay on income thresholds above $200,000 for singles and $250,000 for couples.
A medicare levy reduction is based on your taxable income. The additional medicare tax 2024 rate is 0.9%.