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FAQ

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.
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.
What is a form 8949?
Use Form 8949 to report sales and exchanges of capital assets. Form 8949 allows you and the IRS to reconcile amounts that were reported to you and the IRS on Forms 1099-B or 1099-S (or substitute statements) with the amounts you report on your return.
What is form 8959 tax form?
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.
What is a 8559 form?
Use this form to figure. the amount of Additional Medicare Tax you owe and. the amount of Additional Medicare Tax withheld by your employer, if any.
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.
Who is subject to the additional Medicare tax?
A 0.9% Additional Medicare Tax applies to Medicare wages, self-employment income, and railroad retirement (RRTA) compensation that exceed the following threshold amounts based on filing status. $250,000 for married filing jointly; $125,000 for married filing separately; and. $200,000 for all other taxpayers.
Who needs to fill out 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.
Do I need 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.
Why do I have additional Medicare tax form 8959?
Purpose of Form 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.
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