Medicare Employer Tax Rate 2024 Texas. This tax is 1.45% for the employee and 1.45% for the employer, totaling 2.9% of earned wages. You will also pay this.

General tax rate (gtr) replenishment tax rate (rtr) obligation assessment rate (oa) deficit tax rate (dtr) employment. The medicare tax rate for employers in 2024 is set at 1.45% on all employee earnings, with no cap on the maximum income subject to medicare tax.