Form 8959, Additional Medicare Tax is required when your Medicare wages reported in Box 5 of your W2, self-employment income, and/or railroad retirement income exceeds these thresholds:
- Married Filing Joint: $250,000
- Single, Head of Household or Qualifying Surviving Spouse: $200,000
- Married Filing Separate, $125,000
Form 8960, Net Investment Income Tax, is required when you have investment income and your Modified Gross Income (MAGI) exceeds these thresholds:
- Married Filing Joint: $250,000
- Single, Head of Household or Qualifying Surviving Spouse: $200,000
- Married Filing Separate, $125,000
Please see these TurboTax Help Articles for more information:
What is Form 8959
What is Form 8960
If you are certain that you don't meet these thresholds, I would like to take a deeper look for you. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. You can send one to us by following the directions below:
TurboTax Online:
- Sign into your online account.
- Locate the Tax Tools on the left-hand side of the screen.
- A drop-down will appear. Select Tools
- On the pop-up screen, click on “Share my file with agent.”
- This will generate a message that a diagnostic file gets sanitized and transmitted to us.
- Please provide the Token Number that was generated in the response.
TurboTax Desktop/Download Versions:
- Open your return.
- Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent” *
- This will generate a message that a diagnostic copy will be created. Click on OK and the tax file will be sanitized and transmitted to us.
- Please provide the Token Number (including the dash) that was generated in the response.
*(If using a MAC, go to the menu at the top of the screen, select Help, then, “Send Tax File to Agent”)
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