Additional Medicare Payroll Tax
Beginning in 2013, the employee portion of the Medicare portion of FICA taxes is increased by an additional tax of 0.9 percent on wages received in excess of the threshold amount. This additional tax is on the combined wages of the employee and the employee's spouse, in the case of a joint return. The threshold amount is $250,000 in the case of a joint return or surviving spouse, $125,000 in the case of a married individual filing a separate return, and $200,000 for single filers. Employers must withhold this additional payroll tax from an employee’s pay after the employee’s wages reach these threshold amounts.
Unearned Income (Investment Income) Medicare Contribution Tax
Beginning in 2013, in the... more