Additional Medicare Tax of 0.9% on Earned Income

Topic no. 560, Additional Medicare tax | Internal Revenue Service

A 0.9% Additional Medicare tax applies to Medicare wages, self-employment income, and railroad retirement (RRTA) compensation that exceed the following ...

Additional 0.9% Medicare Tax on Earned Income - The Tax Adviser

Beginning in 2013, individuals must pay an additional 0.9% Medicare tax on earned income above certain thresholds. This tax applies to both wage income and ...

Questions and answers for the Additional Medicare Tax - IRS

The Additional Medicare Tax applies to wages, railroad retirement (RRTA) compensation, and self-employment income over certain thresholds.

What is the Additional Medicare Tax for high earners? - PeopleKeep

The Additional Medicare Tax is an extra 0.9% on earned income beyond a specific threshold limit. This additional tax payment has been around since 2013.

Additional Medicare Tax | H&R Block

If you are a high earner, you are subject to the 0.9% additional Medicare tax on earned income in excess of the threshold amount.

The Additional Medicare Tax: What It Is and Who Pays It - Healthline

The Additional Medicare Tax is an extra 0.9% tax on top of the standard tax payment for Medicare. It applies to taxpayers who earn over a set income threshold.

Additional Medicare tax: What it is, limits, calculations, options

Single tax filers earning above $200,000, or $250,000 for married couples, pay the 0.9% additional Medicare tax. The information on this website may assist you ...

Additional Medicare Tax on Self-Employment Income - Explanations

A 0.9-percent Additional Medicare tax applies to self-employment income above the following thresholds: $250,000 for married taxpayers filing a joint return ...

What Is Medicare Tax? Definition, How It Works - NerdWallet

The additional Medicare tax, also known as the “high earners tax,” is a 0.9% tax on income above $200,000 for individuals or $250,000 for ...

What Is Form 8959: Additional Medicare Tax - TurboTax - Intuit

... additional 0.9 percent Medicare tax on wages that exceed a certain threshold ... tax you may owe, depending on the type of income you earn ...

Form 8959 - Additional Medicare Tax Reconcile Against Form W-2

The Additional Medicare Tax is an additional (0.9%) tax to wages, compensation, and self-employment income, if an individual's income exceeds the threshold ...

Employer Obligations for the Additional Medicare Tax - SHRM

Employers are responsible for withholding and reporting the 0.9% Additional Medicare Tax, which became effective in 2013. Employers that fail to withhold ...

Additional Medicare Tax | Rate, Who Pays, and Reporting

It applies to qualifying wages, compensation, and self-employment income. Like Medicare tax, the additional Medicare tax rate is a payroll tax ...

'Fair Share Act' Would Strengthen Medicare and Social Security Taxes

Medicare is financed mostly by a 2.9 percent tax on earnings, although an “additional Medicare” tax of 0.9 percent effectively provides a second ...

What Are Medicare Taxes? - SmartAsset

That's because the 0.9 percent Additional Medicare Tax applies to wages, compensation and self-employment income over the $200,000 limit, but it ...

Additional Medicare Tax on Wages and Self-Employment Income

The Additional Medicare Tax applies at a rate of 0.9% of all eligible Medicare wages above the threshold for your filing status, ...

IRS Advises on Additional Medicare Tax on Self-Employment Income

Section 3101(b)(2) imposes an additional Medicare tax of 0.9 percent on an individual's FICA wages received in any taxable year beginning after ...

IRS Issues Guidance on 0.9% Additional Medicare Tax

The IRS issued proposed regulations concerning the 0.9% Medicare surtax, which took effect Jan. 1 (REG-130074-11).

New guidance for employers that over-collect additional Medicare tax

The Spring issue of the Social Security Administration/Internal Revenue Service (SSA/IRS) Reporter gives pointers to employers that over-collect the 0.9% ...

House GOP Health Plan Eliminates Two Medicare Taxes, Giving ...

Impact of Repealing Additional Medicare Payroll Tax on High Earners. Copy link ... Only individuals with earnings over $200,000 — or $250,000 for ...