I put in an even 50,000 as the estimated income from his business . And it still doesn’t explain why it is telling me I have to withdraw my $7500 traditional IR...
No this is not a question about self employment taxes. This is the employer portion of SSA,Medicare, and Unemployment tax paid on behalf of their employee.
That’s what I thought too. His name is on the plans as a covered person even though the wife is essentially paying for it out of her retirement check. So he is ...
Husband is sole proprietor LLC. He has Medicare and can deduct his part B premiums from what I read.Wife is retired and receives pension from SURS (State Univer...