Get Form 8959

Form 8959 is used to calculate Additional Medicare Tax on high earners. This guide provides a step-by-step approach for users to fill out the form accurately and efficiently online, ensuring compliance with IRS requirements.

Follow the steps to accurately complete Form 8959 online.

1. Press the 'Get Form' button to access the form and open it in your preferred editor.
2. Enter your name(s) as they appear on your tax return.
3. In Part I, report any railroad retirement compensation and tips from Form W-2, box 14.
4. Refer to the filing status amounts: $250,000 for married filing jointly, $125,000 for married filing separately, or $200,000 for single or head of household.
5. Subtract line 15 from line 14. If the result is zero or less, enter -0-.
6. For additional Medicare Tax on railroad retirement compensation, multiply line 16 by 0.9% (0.009) and enter this amount to move to Part IV.
7. Add lines 7, 13, and 17 to calculate the total Additional Medicare Tax and include this amount on Form 1040.
8. In Part V, complete the withholding reconciliation by entering the Medicare tax withheld from Form W-2, box 6.
9. Calculate your additional Medicare Tax withholding on other income, using provided instructions for each line.
10. Once you have completed all relevant sections and ensured accuracy, you can save changes, download, print, or share your completed form.

Complete your Form 8959 online today for accurate tax reporting.