Additional Medicare Tax Withholding

October 21, 2013 | By SBS Payroll, Inc. 0 Comments

Effective January 1, 2013, additional Medicare Tax applies to an individual’s Medicare wages that exceed $200,000.00 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 percent 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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