Additional Medicare Tax Withholding

Monday, October 21, 2013
Additional Medicare Tax Withholding

Effective January 1, 2013, additional Medicare Tax applies to an individual’s Medicare wages that exceed $200,000 for the year. As the year draws to an end, employers, employees, and the self-employed should be making sure they are in compliance with the new 0.9% additional Medicare tax.

SBS Clients can rest assured that our payroll platform was configured as of January 1, 2013 to calculate and collect the overage where applicable.



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