Glossary

Medicare Tax: What It Means and Why It Matters for Your W-4

The 1.45% payroll tax withheld from all wages to fund Medicare — no wage cap.

Definition

Medicare tax is the 1.45% payroll tax withheld from your wages to fund the Medicare program. Unlike Social Security tax, Medicare has no wage cap — the 1.45% applies to every dollar of wages earned in the year. Your employer pays a matching 1.45%.

Self-employed workers pay both halves — a combined 2.9% on net self-employment earnings — as part of self-employment tax.

High earners face an additional 0.9% Medicare surtax on wages above certain thresholds (see Additional Medicare Tax). Combined, these employees pay 2.35% on wages above the threshold.

How this affects your W-4

Medicare withholding is not affected by your W-4. It's calculated automatically at 1.45% of each paycheck, and there's no cap or adjustment mechanism.

When using this calculator to estimate take-home pay, Medicare is shown as a separate line item alongside Social Security — both are factored into the final take-home calculation.

See how medicare tax affects your withholding

Use the free W-4 calculator to calculate your exact withholding with your specific situation.

Open the W-4 Calculator →

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