News & Analysis as of

Fringe Benefits Medicare Taxes

Kilpatrick

2022 Health and Fringe Benefit Plan Limits

Kilpatrick on

Medicare Tax - The regular Medicare tax rate of 1.45% remains unchanged and applies to all income without a limitation for both the employee and employer portion. The Affordable Care Act additional Medicare tax of 0.9%...more

Kilpatrick

2021 Health and Fringe Benefit Limits

Kilpatrick on

For calendar year 2021, the Health FSA contribution limit and the parking and transit limits remain the same. Other limits increase only slightly....more

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