Thursday, March 26, 2015

Additional Medicare Tax

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Questions-and-Answers-for-the-Additional-Medicare-Tax

See #3 to see additional 0.9% withheld for income above $200k.

But also see #14 where if one is filing joint married, that on your 1040 you should claim a tax credit for the overwithheld amount since the threshold for married couples is $250k.


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