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Form 8959
Form 8959 has is additional Medicare Tax. Part I - Part IV are easily interpreted and applied, however Part V has an issue. Part V, line 19, adds us the total of Medicare tax withholdings from multiple W-2's. Line 21 calculates the amount owed for Medicare based on total of wages from line 1. Line 22 is the difference of amount paid versus owed. Line 24 is a reconciliation for amount paid should be added to line 17 of the Form 1040 or Form 1040-SR. This should reduce your taxes by adding the amount you already paid in Medicare taxes over and above the amount owed. I'm not seeing this amount being applied to the 1040 Form. I PERCIEVE THIS AS A PROBLEM? Please explain
March 17, 2020
11:43 AM