topic Why do I have to pay additional medicare Tax-$115.00 per turbo in Form 8959? Medicare Taxes were already withheld per W2s(3)total medicare wages $262,763.00? in Get your taxes done using TurboTax

Why do I have to pay additional medicare Tax-$115.00 per turbo in Form 8959? Medicare Taxes were already withheld per W2s(3)total medicare wages $262,763.00?

333turnbull — Mon, 23 Feb 2026 12:40:54 GMT

Form 8959 has a maximum amount $250,000.for joint filers. What does this mean? difference $12763.00 is multiplied by .009 instead .0145? Why I'm now considered as self employed?

Re: Why do I have to pay additional medicare Tax-$115.00 per turbo in Form 8959? Medicare Taxes were already withheld per W2s(3)total medicare wages $262,763.00?

Opus 17 — Mon, 13 Feb 2023 04:29:27 GMT

Everyone pays it on income over a certain level. It's supposed to be paying for the Affordable Care Act.

https://www.irs.gov/taxtopics/tc560

Re: Why do I have to pay additional medicare Tax-$115.00 per turbo in Form 8959? Medicare Taxes were already withheld per W2s(3)total medicare wages $262,763.00?

SelfPreparer1 — Mon, 13 Feb 2023 04:29:40 GMT

There are additional Medicare taxes for high earners. Most employers do not withhold the full amount if you fall into the high earner category. Please see IRS website https://www.irs.gov/businesses/small-businesses-self-employed/questions-and-answers-for-the-additional-medicare-tax.

You do not need to be self-employed to owe this extra tax - it also applies to wages.

Quote from IRS website "Additional Medicare Tax went into effect in 2013 and applies to wages, compensation, and self-employment income above a threshold amount received in taxable years beginning after December 31, 2012."