Medicare Tax Limit 2024 Withholding Form. You will carry the amounts to. If you’re filing single, you’ll be responsible for paying the additional medicare tax if your income exceeds $200,000.

Did you know that you owe irs additional medicare tax (amt) at the rate of 0.9% on your earned income and need to file form 8959 if your medicare wages, net. The rate of social security tax on taxable wages is 6.2% each for the employer and employee.