Instructions for IRS Form 8959 Additional Medicare Tax

IRS Form 8959 Additional Medicare Tax

This document contains official instructions for IRS Form 8959 , Additional Medicare Tax - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 8959 is available for download through this link.

FAQ

Q: What is IRS Form 8959?
A: IRS Form 8959 is a form used to report Additional Medicare Tax.

Q: Who needs to file Form 8959?
A: You need to file Form 8959 if you have Additional Medicare Tax liability.

Q: What is Additional Medicare Tax?
A: Additional Medicare Tax is a tax on earned income that helps fund Medicare.

Q: How is Additional Medicare Tax calculated?
A: Additional Medicare Tax is calculated at a rate of 0.9% on earned income over certain threshold amounts.

Q: What income is subject to Additional Medicare Tax?
A: Wages, self-employment income, and other compensation are subject to Additional Medicare Tax.

Q: How do I report Additional Medicare Tax on Form 8959?
A: You report Additional Medicare Tax on Form 8959 by completing the form and including it with your tax return.

Q: When is the deadline to file Form 8959?
A: The deadline to file Form 8959 is the same as your income tax return deadline.

Q: Do I need to file Form 8959 if I don't owe Additional Medicare Tax?
A: No, you do not need to file Form 8959 if you do not owe Additional Medicare Tax.

Q: Can I e-file Form 8959?
A: Yes, you can e-file Form 8959 if you are filing your tax return electronically.