Additional Medicare Tax Withholding 2024 Schedule

Additional Medicare Tax Withholding 2024 Schedule. 0.18% (20% of the employee rate of 0.9%) of wages subject to additional medicare tax. You may need to attach schedule r (form 941) to your form.

If you anticipate having a liability for additional medicare tax for 2024, you may request that your employer withhold an additional amount of income tax. The additional medicare tax is 0.9%, but it doesn’t apply to everyone like standard medicare tax does.