HelenC12
Expert Alumni

Get your taxes done using TurboTax

No, that is not a problem. The most common reason is due to 401(k) contributions (W2, Box 12, Code D) or other pre-tax retirement plan contributions. They are subject to medicare tax but not to federal or state income tax.

 

Additional information: IRS Topic No. 751 Social Security and Medicare Withholding Rates

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