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additional medicare tax

why Additional Medicaretax is being added. fyi my total income is less than 250k , MFJ

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3 Replies
MayaD
Expert Alumni

additional medicare tax

Did you receive any self employment income? 

Please check: Additional Medicare tax

 

An individual will owe Additional Medicare Tax on wages, compensation and self-employment income (and that of the individual’s spouse if married filing jointly) that exceed the applicable threshold for the individual’s filing status. Medicare wages and self-employment income are combined to determine if income exceeds the threshold. A self-employment loss is not considered for purposes of this tax.

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additional medicare tax

no self employment income , 

DawnC
Expert Alumni

additional medicare tax

An individual is liable for Additional Medicare Tax if the individual’s wages, compensation, or self-employment income (together with that of his or her spouse if filing a joint return) exceed the threshold amount for the individual’s filing status.   The 250K number is not referencing total income - but wages and compensation.    You either have a typo, check your w-2 and 1099 entries, or you are not including some income.   To verify the amount of wages and compensation, click on Forms at the top and scroll down to your Earned Income Worksheet.  At the very bottom, you will see the amount of compensation and wages reported on Form 1040.    If you are using TurboTax Online, visit the Print Center to view forms.   

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