Posts Tagged ‘medicare’
Social Security and Medicare Amounts for 2015
The annual inflation adjustments have also impacted the various Social Security amounts and thresholds for 2015.
Read MoreAdditional 0.9% Medicare Tax
There is no employer match for this additional Medicare tax. Therefore, the employer’s Medicare tax rate continues to be 1.45% on all Medicare wages. An employee is responsible for paying any of the additional 0.9% Medicare tax that is not withheld by an employer. The additional tax will be reported on the individual’s federal income tax return.
Read MoreIncreased Medicare Payroll Tax
The Medicare payroll tax is the primary source of financing for Medicare, which generally pays medical bills for individuals who are 65 or older or disabled. It’s crucial to understand the changes that have been made to this crucial tax.
Read MoreSocial Security and Medicare Update
The annual inflation adjustments have been made for the various social security amounts and thresholds. So, we thought it would be a good time to update you for 2013.
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