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Deductions & credits
plus we’re probably have more income subject to the 0.9% Medicare tax now that it is on a combined income over $250k.
Unless there's some income threshold I'm not aware of, rental income is passive and is therefore not subject to the medicare or social security tax. (I may also be confusing your statement with self-employment tax, so take it with a grain of salt at this point.)
April 11, 2021
8:31 AM