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nuggett18
New Member

If you pay out in your checks for "Medicare Tax Withheld", while filing your taxes do you get to claim the money while filing your taxes?

 
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MinhT
Expert Alumni

If you pay out in your checks for "Medicare Tax Withheld", while filing your taxes do you get to claim the money while filing your taxes?

No, Social security tax withheld (box 4 of your form W-2) and medicare tax withheld (box 6) are not deductible.

The Federal Insurance Contributions Act finances Social Security and Medicare by requiring payroll withholding for most salaried workers in the United States. By law, both the employer and the employee pay a portion of this tax that goes into the Social Security trust fund to pay current beneficiaries.


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MinhT
Expert Alumni

If you pay out in your checks for "Medicare Tax Withheld", while filing your taxes do you get to claim the money while filing your taxes?

No, Social security tax withheld (box 4 of your form W-2) and medicare tax withheld (box 6) are not deductible.

The Federal Insurance Contributions Act finances Social Security and Medicare by requiring payroll withholding for most salaried workers in the United States. By law, both the employer and the employee pay a portion of this tax that goes into the Social Security trust fund to pay current beneficiaries.


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

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