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FAQ

Why do I have to pay additional Medicare tax?
The Additional Medicare Tax applies to wages, railroad retirement (RRTA) compensation, and self-employment income over certain thresholds. Employers are responsible for withholding the tax on wages and RRTA compensation in certain circumstances.
Who needs to fill out 8959?
The tax applies to wages from employment, self-employment income and railroad retirement income, but if you are receiving W-2 income, the tax will most likely be withheld from your wages. Either way, anyone subject to the tax is required to file Form 8959 with their annual income tax filing.
What is the additional Medicare tax form 8959?
The Additional Medicare Tax is an additional (0.9%) tax to wages, compensation, and self-employment income, if an individual's income exceeds the threshold amount for their individual filing status.
Does Turbotax have form 8959?
That threshold is $250,000 for jointly filing couples, $125,000 for married couples filing separately, and $200,000 for everybody else. We'll automatically add Form 8959 to your return if your income exceeds the threshold amount for your filing status.
Does Turbotax have Form 8959?
That threshold is $250,000 for jointly filing couples, $125,000 for married couples filing separately, and $200,000 for everybody else. We'll automatically add Form 8959 to your return if your income exceeds the threshold amount for your filing status.
Who Must File 8959?
You must file Form 8959 if one or more of the following applies to you. Form W-2 (box 5) are greater than $200,000. Form W-2 (box 14) is greater than $200,000.
What is an IRS form 8959?
Use Form 8959 to figure the amount of Additional Medicare Tax you owe and the amount of Additional Medicare Tax withheld by your employer, if any. You will carry the amounts to one of the following returns. Form 1040.
Do you have to file form 8959?
The tax applies to wages from employment, self-employment income and railroad retirement income, but if you are receiving W-2 income, the tax will most likely be withheld from your wages. Either way, anyone subject to the tax is required to file Form 8959 with their annual income tax filing.
How do I fill out form 8959?
0.53 6.24 How to Complete IRS Form 8959 - Additional Medicare Tax - YouTube YouTube Start of suggested clip End of suggested clip So the 8959 is used to report an additional 0.9 percent medicare tax on earned compensation. SoMoreSo the 8959 is used to report an additional 0.9 percent medicare tax on earned compensation. So that's w-2 wages or self-employment income via schedule c or maybe you're a partner in a partnership.
Do I need to do Form 8959?
The tax applies to wages from employment, self-employment income and railroad retirement income, but if you are receiving W-2 income, the tax will most likely be withheld from your wages. Either way, anyone subject to the tax is required to file Form 8959 with their annual income tax filing.
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