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The Additional Medicare Tax: What It Is and Who Pays It - Healthline
https://www.healthline.com/health/medicare/additional-medicare-tax
WEBJun 29, 2020 · Takeaway. The Additional Medicare Tax has been in effect since 2013. Taxpayers who make over $200,000 as individuals or $250,000 for married couples are subject to an additional 0.9 percent...
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Questions and Answers for the Additional Medicare Tax
https://www.irs.gov/businesses/small-businesses-self-employed/questions-and-answers-for-the-additional-medicare-tax
WEBOn November 26, 2013, the IRS issued final regulations (TD 9645PDF) implementing the Additional Medicare Tax as added by the Affordable Care Act (ACA). The Additional Medicare Tax applies to wages, railroad retirement (RRTA) compensation, and self-employment income over certain thresholds.
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Topic no. 560, Additional Medicare tax | Internal Revenue Service
https://www.irs.gov/taxtopics/tc560
WEBFeb 13, 2024 · A 0.9% Additional Medicare tax applies to Medicare wages, self-employment income, and railroad retirement (RRTA) compensation that exceed the following threshold amounts based on filing status: $250,000 for married filing jointly; $125,000 for married filing separately; and. $200,000 for all other taxpayers.
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What Is the Additional Medicare Tax? Who Pays & Tax Rate
https://www.retireguide.com/medicare/costs-and-coverage/tax/additional-medicare-tax/
WEBAug 31, 2022 · The additional Medicare tax is 0.9%, but it doesn’t apply to everyone like standard Medicare tax does. You’ll only have to pay the additional tax if your income surpasses a specific threshold. Knowing how it’s calculated, along with what the additional tax pays for, can help you understand the functionality and reasoning behind the ...
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Additional Medicare Tax | H&R Block
https://www.hrblock.com/tax-center/healthcare/additional-medicare-tax/
WEBWhat is the Additional Medicare Tax? Medicare is a federal health insurance program consisting of three parts (A, B, and D). Most people don’t pay for Medicare Part A (hospital insurance) because its funded by taxpayer contributions to …
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Additional Medicare Tax on Wages and Self-Employment Income …
https://www.thebalancemoney.com/additional-medicare-tax-3192935
WEBJan 23, 2023 · The Additional Medicare Tax applies at a rate of 0.9% of all eligible Medicare wages above the threshold for your filing status, which is $200,000 for single filers, $125,000 for married couples filing separately, and $250,000 for joint filers. Pretax deductions such as 401 (k) contributions don't apply to Social Security and Medicare taxes.
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Medicare Tax: What Is It and Who Pays It? - Investopedia
https://www.investopedia.com/medicare-tax-definition-5115380
WEBJan 22, 2024 · In 2013, the Affordable Care Act (ACA) introduced two Medicare surtaxes to fund Medicare expansion: the additional Medicare tax and the net investment income tax. Both surtaxes apply to...
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What Is Form 8959: Additional Medicare Tax - TurboTax
https://turbotax.intuit.com/tax-tips/health-care/what-is-form-8959-additional-medicare-tax/L62vNXoy5
WEBOct 19, 2023 · OVERVIEW. Starting with the 2013 tax year, you may be subject to an additional 0.9 percent Medicare tax on wages that exceed a certain threshold. The Additional Medicare Tax is charged separately from, and in addition to, the Medicare taxes you likely pay on most of your earnings. Reviews: 101.6K
Reviews: 101.6K
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What Is Medicare Tax? Definition, How It Works - NerdWallet
https://www.nerdwallet.com/article/taxes/medicare-tax
WEBDec 5, 2023 · What Is Medicare Tax? Definition, How It Works. All employees pay 1.45% in Medicare taxes. People earning above a certain threshold may also face an additional 0.9% tax on income or a...
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What is the additional Medicare tax? - Medical News Today
https://www.medicalnewstoday.com/articles/additional-medicare-tax
WEBSep 24, 2020 · The additional Medicare tax of 0.9% applies only to higher wage earners. It is paid in addition to the standard Medicare tax. An employee will pay 1.45% standard Medicare tax, plus the...
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