Medicare Tax Rate 2024 Limitations

Medicare Tax Rate 2024 Limitations. For example, when you apply for medicare coverage for 2024, the irs will provide medicare with your income from your 2022. Medicare uses your tax return from 2 years ago.

Medicare looks at the modified adjusted gross income (magi) reported on your irs tax return from 2 years ago to determine if you pay higher monthly premiums for part b and part d. What’s the current medicare tax rate?