Form 8959 Additional Medicare Tax is added to tax liability , that same amount is added to tax withheld, is this a tax software glitch or has a new law canceled this tax?
Form 8959 Additional Medicare Tax is added to tax liability , that same amount is added to tax withheld, is this a tax software glitch or has a new law canceled this tax?
Additional Medicare tax is added on 1040 line 23, other tax from sch 2, line 10, and the same amount is added to taxes withheld line 25c "other forms", which cancels the medicare tax. Has a current law removed this tax or is this a software glitch?
Starting in 2020 the IRS finally gave us a place to report the amount of additional medicare tax withheld. In prior years you just lumped it in with federal withholding. Now it's reported on the 1040 line 25c (flowing from Form 8959 line 24). In the case of a single taxpayer with one job and no SE income it's just in and out.
Starting in 2020 the IRS finally gave us a place to report the amount of additional medicare tax withheld. In prior years you just lumped it in with federal withholding. Now it's reported on the 1040 line 25c (flowing from Form 8959 line 24). In the case of a single taxpayer with one job and no SE income it's just in and out.
You have clicked a link to a site outside of the ProConnect Community. By clicking "Continue", you will leave the Community and be taken to that site instead.
