Tax Topic

Medicare Additional tax, 0.9%

Starting in 2013, some taxpayers are subject to a new tax that came into being with the Affordable Care Act. The new tax is 0.9% of any amounts of wages and self-employment income over threshold amounts (MFJ, $250,000; Single, $200,000).

Here is a link to the IRS website for full details on additional Medicare tax: http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Questions-and-Answers-for-the-Additional-Medicare-Tax


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