Fica Medicare Percentage 2024 Olympics. For 2024, the fica tax rate for both employers and employees is 7.65% (6.2% for oasdi and 1.45% for medicare). The medicare tax funds the medicare program, which provides healthcare benefits to individuals aged 65 and older and certain groups.

In 2024, the medicare tax rate is 2.9%, with half (1.45%) paid by the employee and the other half (1.45%) paid by the employer. 1.45% for the employer and 1.45% for the employee or 2.9% total.