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If you are only reporting income from a W-2, is the amount in box 6 1.45% of the amount in box 5?
Hi, yes, amount in box 6 is 1.45% of the amount in box 5.
@ssjsushil wrote:
Hi, yes, amount in box 6 is 1.45% of the amount in box 5.
Even if the Medicare tax is off by $0.01 cent the program will require the Form 8959. Try reducing the tax withheld by $1.00. Note that Medicare taxes are not reported on a tax return.
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