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3 lip 2024 · Learn how to calculate and withhold the 0.9% Additional Medicare tax on wages, self-employment income, and railroad retirement compensation that exceed certain thresholds. Find out who is subject to this tax, how to report it, and when to pay it.
Learn about the Additional Medicare Tax that applies to wages, railroad retirement compensation, and self-employment income over certain thresholds. Find answers to common questions on withholding, reporting, calculating, and refunding the tax.
1 kwi 2024 · Learn about the Additional Medicare Tax, a 0.9% surcharge on high-income earners that helps fund some Affordable Care Act benefits. Find out who pays it, how it's calculated, and what it pays for.
31 sie 2022 · Standard Medicare tax is 1.45% — or 2.9% if you are self-employed. Unlike the additional Medicare tax, there is no base limit on wage, so all wages are subject to standard Medicare tax. To calculate your additional Medicare tax liability, you’ll need Form 8959 when filing for your tax return.
Learn about the Additional Medicare Tax, a 0.9% surcharge on certain income types exceeding specific thresholds, and how it impacts taxpayers and employers. Find out how to calculate, report, and withhold this tax, and how it funds the Affordable Care Act.
25 lis 2023 · The Medicare tax rate for 2023 remains at 1.45% of all covered earnings for employers and employees. The Additional Medicare Tax of 0.9% applies to earned income of more than $200,000 ($250,000 for married couples filing jointly).
31 paź 2023 · In 2023 and 2024, the Medicare tax is 1.45% on an individual's wages. Employers also pay 1.45%. There is also a 0.9% Additional Medicare Tax that only the employee filing an individual...
