Will individuals calculate Additional Medicare Tax liability on their income tax returns?
Answer:
Yes. Individuals liable for Additional Medicare Tax will calculate Additional Medicare Tax liability on their individual income tax returns on Form 8959 and on Form 1040.
Individuals will also report Additional Medicare Tax withheld by their employers on their individual tax returns.
Any Additional Medicare Tax withheld by an employer will be applied against all taxes shown on an individual’s income tax return, including any Additional Medicare Tax liability.
Individuals will also report Additional Medicare Tax withheld by their employers on their individual tax returns.
Any Additional Medicare Tax withheld by an employer will be applied against all taxes shown on an individual’s income tax return, including any Additional Medicare Tax liability.
Interested in more Medicare Tax Additional Questions?
- When does Additional Medicare Tax start?
- What individuals are subject to the Net Investment Income Tax?
- What wages are subject to Additional Medicare Tax?
- What Railroad Retirement Tax Act (RRTA) compensation is subject to Additional Medicare Tax?
- Will Additional Medicare Tax be withheld from an individual's wages?
