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Get your taxes done using TurboTax
There are additional Medicare taxes for high earners. Most employers do not withhold the full amount if you fall into the high earner category. Please see IRS website https://www.irs.gov/businesses/small-businesses-self-employed/questions-and-answers-for-the-addition....
You do not need to be self-employed to owe this extra tax - it also applies to wages.
Quote from IRS website "Additional Medicare Tax went into effect in 2013 and applies to wages, compensation, and self-employment income above a threshold amount received in taxable years beginning after December 31, 2012."
‎February 12, 2023
8:29 PM