Tax Saving Ideas from Tampa CPA Firm MBA

Are You Meeting the ACA’s Additional Medicare Tax Withholding Requirements?

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Under the Affordable Care Act (ACA), beginning in 2013, taxpayers with FICA wages over $200,000 per year ($250,000 for joint filers and $125,000 for married filing separately) had to pay an additional 0.9% Medicare tax on the excess earnings. Unlike regular Medicare taxes, the...