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8959 for 2023 Form: What You Should Know
It is not included in the computation of the adjusted gross income. For information on how Additional Medicare Tax is calculated and withheld, refer to Publication 519 (PDF). Use Form 8959 for the following calculations: To figure the amount of Additional Gross Income you owe, use Form 941. What is Publication 519? Federal income tax includes additional Medicare tax withholding from your W-2's. This additional withholding is not included as taxable income. A worker is paid wages or compensation if you pay them with money, and the wages or compensation exceed the threshold amounts, in whole dollars, shown in the following table. Filing and payment deadlines for this tax. The Additional Medicare Tax is included in the computation of your adjusted gross income, and is not tax-free, as discussed in Publication 519 (PDF). Use Publication 519 to figure the Additional Medicare Tax. Form 8959 is a separate application from you are using to figure your income tax withholding and your Adjusted Gross Income. Use Form 941 and Form 941-SS (PDF) to figure your Additional Medicare Tax, if any, and to figure your adjusted gross income, if any, in the same way. You should not combine the forms. Additional tax is not automatically withheld. Therefore, if you are not required to file a tax return, you may not be required to file a Form 8959. Report this tax as if it were income tax withholding. Do not deduct Additional Medicare Tax from your tax return if you are not required to file a federal tax return. You may deduct the Additional Medicare Tax but have not filed a federal tax return, and you are not required to file a return if you are eligible for a refund or credit because all tax on the amount is refunded or creditable (or is refunded or credited).
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