Additional Medicare Tax for High Earners
This page features the following topics on the Additional Medicare Tax for High Earners:
- Basic FAQs
- Employer FAQs
- Employee FAQs
- Additional Information
taxable years beginning after December 31, 2012, employers are required
to withhold Additional Medicare Tax (at a rate of 0.9%) on wages or
compensation paid to an employee in excess of $200,000 in a calendar year.
Effective November 29, 2013, final rules
provide guidance for employers relating to the implementation of
Additional Medicare Tax, including the employer process for adjusting
underpayments and overpayments of the tax and for filing a claim for
refund for an overpayment.
Below are common questions and answers for individuals and employers regarding the tax increase.