MayaD
Expert Alumni

Retirement tax questions

The Additional Medicare Tax is charged separately from, and in addition to, the Medicare taxes you likely pay on most of your earnings.

 

A 0.9% Additional Medicare tax applies to Medicare wages, self-employment income, and railroad retirement (RRTA) compensation that exceed the following threshold amounts based on filing status:

  • $250,000 for married filing jointly;
  • $125,000 for married filing separately; and
  • $200,000 for all other taxpayers.

 

Instructions for Form 8959 (2024)
 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"