The National Directory of Certified Public Accountants

Ask A CPA - Medicare Tax Additional

Will An Individual Owe Additional Medicare Tax On All Wages, Compensation, And/Or Self-Employment Income Or Just The Wages, Compensation, And/Or Self-Employment Income In Excess Of The Threshold For The Individual’S Filing Status?

An individual will owe Additional Medicare Tax on wages, compensation, and/or self-employment income (and that of the individual’s spouse if married filing jointly) that exceed the applicable threshold for the individual’s filing status. For married persons filing jointly the threshold is $250,000, for married persons filing separately the threshold is $125,000, and for all others the threshold is $200,000.

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