Month: February 2021

So, your total Medicare tax will equal 2.35% of your salary on everything you earn over $200,000. If your employer doesn’t withhold Medicare and/or Social Security taxes from your pay, they are breaking tax laws and could face legal reprimands. If this is the case, check that there’s no error or that you didn’t accidentally… Continue reading Additional Medicare Tax Rate, Who Pays, and Reporting

So, your total Medicare tax will equal 2.35% of your salary on everything you earn over $200,000. If your employer doesn’t withhold Medicare and/or Social Security taxes from your pay, they are breaking tax laws and could face legal reprimands. If this is the case, check that there’s no error or that you didn’t accidentally… Continue reading Additional Medicare Tax Rate, Who Pays, and Reporting