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
Editor’s Note: Learn more about the additional Medicare tax and if you are subject to paying additional 0.9% on earned income in this post. What is the Additional Medicare Tax? Medicare is a federal health insurance program consisting of three parts (A, B, and D). Most people don’t ...
Additional 0.9% Medicare Tax on Earned IncomeEllentuck, Albert B
IRS Guidance on Overcollected Additional Medicare Tax The Spring 2014 SSA/IRS Reporter provides guidance to employers that collect too much additional Medicare taxes from their employees or that remit too much... Anthony,P.,Curatola - 《Strategic Finance》 被引量: 0发表: 2014年 IRS Guidance on...
Final IRS Guidance on Additional Medicare Tax on High EarnersElizabeth Thomas Dold
In this article, the author discusses the 3.8% additional Medicare tax imposed under 搂1411 on certain high-income individuals. It notes that this additional tax took effect at the beginning of 2013. To clarify a number of issues, the U.S. Treasury issued a set of proposed regulations ...
Guidance issued on additional Medicare tax
IRS Guidance on Additional Medicare TaxMary B. HevenerSariyah S. BuchananRobert L. Abramowitz
BY ALDEN J. BIANCHI
In this article, the author comments on the §1411 3.5% Additional Medicare Tax on net investment income (NII) of certain individuals. The author stresses that the law does not provide that this tax can be reduced by a foreign tax credit (FTC). The possibility that an FTC might be ...