As the 2025 tax season approaches, many high-income earners may find themselves subject to the Additional Medicare Tax, a provision that applies to individuals and households earning above certain ...

If you're a high-income earner, you may be subject to the Additional Medicare Tax, a 0.9% tax on earnings that exceed specific thresholds based on your tax filing status. This tax, first ...

understanding Medicare tax, which involves everything from mandatory payroll deductions to additional taxes for high earners, is important for all workers, including those who are self-employed.

Employers match those amounts, for a total of 15.3% of pay. The Additional Medicare tax is levied on those with income of $200,000 or more and a single, head of household, or qualifying widower ...

In 2024, the Medicare tax rate is 1.45%. This is the amount you'll see come out of your paycheck, and it's matched with an additional 1.45% contribution from your employer for a total of 2.9% ...

Internal Revenue Service. "Self-Employment Tax (Social Security and Medicare Taxes)." Internal Revenue Service. "Topic No. 560, Additional Medicare Tax." Social Security Administration.

Beyond that, if you file taxes as a single person and earn more than $200,000 a year, you have to pay an additional Medicare tax. This tax is calculated at 0.9% of your wages above the $200,000 mark.