Medicare Surtax 2024 Income Limit. The income threshold depends on the filing status of the taxpayer. You’re typically responsible for paying half of this amount (1.45%), and your employer is responsible for the other half.
If your income is above a specific limit, the federal government adds an extra charge to your monthly premium. The standard monthly premium for medicare part b enrollees will be $174.70 for 2024, an increase of $9.80 from $164.90 in 2023.
This Additional Tax Payment Has Been Around Since 2013 As Part.
A high magi that exceeds specific thresholds set by the irs triggers the medicare surtax.
The 2024 Medicare Tax Rate Is 2.9%.
[3] there is an additional 0.9% surtax on top of the standard 1.45% medicare tax for those who earn.
Medicare Surtax 2024 Income Limit Images References :
For Example, When You Apply For Medicare Coverage For 2024, The Irs Will Provide Medicare With Your Income From Your 2022 Tax Return.
For 2024, individuals with earned income over $200,000 ($250,000 for married couples filing jointly) may be subject to the additional medicare tax.
The 2024 Medicare Tax Rate Is 2.9%.
The standard monthly premium for medicare part b enrollees will be $174.70 for 2024, an increase of $9.80 from $164.90 in 2023.