Does the new Medicare Tax of .09% apply to you?
Individual filers making $200,000 or married filers earning $250,000 are subject to a new Medicare tax of .09% on earnings above these amounts and in many cases this is not being withheld by the employer! If this applies to you please call our office to determine if you need to make an estimated tax payment to cover this additional tax.
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What Are Common Mistakes to Avoid When Preparing a Tax Return? How Do I Check the Status of My Tax Refund? What Happens if the IRS Audits Me, and How Should I Prepare? What are the Risks of Using Tax Preparation Software versus a Professional? Choosing Between Single MFJ or Head of Household Filing Status