Additional Medicare Tax
TaxesA 0.9% surtax on earned income exceeding $200,000 for single filers or $250,000 for married filing jointly.
Example
For a single filer earning $85,000, understanding additional medicare tax could reduce their tax bill by $500-$2,000 or more. This concept applies when calculating your total liability and identifying opportunities for legitimate tax savings. Check your numbers with our income tax calculator.