To ensure you did not make any mistakes on your tax return, review the income items inputted on your tax return. See below tips on walking through Form 8959:
Form 8959 consists of three parts. Each part includes a short calculation to figure out how much Additional Medicare Tax you owe if any. You complete only the part of the form that applies to the type of income you received. Fill out:
- Part I if you received W-2 income
- Part II if you received self-employment income
- Part III if you received RRTA
If you have self-employment income, you file form 8959 if the sum of your self-employment earnings and wages or the RRTA compensation you receive is more than the threshold amount for your filing status. A 0.9% Additional Medicare Tax applies to Medicare wages, self-employment income, and railroad retirement (RRTA) compensation that exceeds 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.
If you receive both Medicare wages and self-employment income, calculate the Additional Medicare Tax by:
- Calculating the Additional Medicare Tax on any Medicare wages in excess of the applicable threshold for the taxpayer's filing status, without regard to whether any tax was withheld;
- Reducing the applicable threshold for the filing status by the total amount of Medicare wages received (but not below zero); and
- Calculating the Additional Medicare Tax on any self-employment income in excess of the reduced threshold.
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