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  • Irs 8959 2017

Get Irs 8959 2017

Medicare tax withheld from Form W-2, box 6. If you have more than one Form W-2, enter the total of the amounts from box 6 . . . . . . . . . . . . . . . . 19 Enter the amount from line 1 . . . . . . . . . . 20 Multiply line 20 by 1.45% (0.0145). This is your regular Medicare tax withholding on Medicare wages . . . . . 21 Subtract line 21 from line 19. If zero or less, enter -0-. This is your Additional Medicare Tax withholding on Medicare wages . . . . . . . . . . . . . . . . . . . . Additional M.

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Related content

About Form 8959, Additional Medicare Tax
Apr 29, 2025 — Use this form to figure: the amount of additional Medicare tax you owe...
Learn more
2025 Form 1040-ES
For information about the. Additional Medicare Tax, see the Instructions for Form. 8959...
Learn more
2016 Publication 535
Jan 19, 2017 — See Form 8959 and the Instructions for Form 8959 for more informa tion on...
Learn more

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You need to file IRS 8959 if your wages, compensation, or self-employment income exceeds a certain limit, which varies based on your filing status. This form applies to individuals who owe the additional Medicare tax. Generally, if your income surpasses $200,000 as a single filer or $250,000 for married couples filing jointly, you must complete this form. To simplify this process, consider using tools from USLegalForms.

On your Form 1040, you report the additional Medicare tax calculated from Form 8959 on line 62. This helps the IRS understand your total tax obligation for the year. Filing this correctly is essential to ensure you meet your tax responsibilities accurately.

The IRS form for reporting the additional Medicare tax is Form 8959. This form allows you to calculate the tax owed based on your income. Properly filing this form ensures that you are compliant with IRS regulations regarding additional Medicare contributions.

Form 8959 is triggered when your earnings exceed certain income thresholds set by the IRS. For single filers, this threshold is $200,000, and for married couples filing jointly, it is $250,000. If your income surpasses these amounts, you are required to report the additional Medicare tax using this form.

Form 8960 is related to the net investment income tax, which is different from the additional Medicare tax reported on Form 8959. While both taxes were introduced to increase funding for Medicare, Form 8960 focuses on unearned income such as dividends and interest. Understanding the distinctions between these forms is important for tax planning.

Form 8959 is the IRS document used to report the additional Medicare tax. This tax applies to high-income earners and is calculated on wages, self-employment income, and other forms of compensation. Individuals whose earnings exceed certain thresholds must complete this form, ensuring compliance with tax regulations.

IRS form 8960 is primarily used to calculate the Net Investment Income Tax (NIIT). If your modified adjusted gross income exceeds certain limits, you need to file this form to report income from investments. By understanding its purpose, you can better prepare your tax filings and ensure you meet IRS requirements.

IRS form 8959 must be filed by individuals whose income surpasses the specified limits for additional Medicare tax. This applies to single filers making over $200,000 and couples filing jointly making more than $250,000. By filing timely and correctly, you can ensure compliance with IRS regulations, helping to avoid penalties.

Anyone with income exceeding the IRS thresholds is subject to additional Medicare taxes. Specifically, individuals earning more than $200,000 must file IRS 8959 to report these taxes. This requirement emphasizes the importance of tracking your income throughout the year, avoiding surprises during tax season.

Form 8958 is necessary for individuals who want to report their share of income, deductions, and credits from certain partnerships and joint ventures. If you're involved in an arrangement where multiple parties share profits or losses, you might need this form. Understanding its requirements can ensure you stay compliant with IRS regulations.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
IRS 8959
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