Tax Law changes - 2013

0.9% Medicare Surtax on Earned Income

The .9% (0.009) tax is imposed ONLY on the excess of Earned Income above the threshold amounts. The threshold amounts for individuals is $200,000 and $250,000 on a joint tax return. Generally, Earned Income is money you earned on your labor such as wages, salaries, commissions. It includes wages and self-employment income

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