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H&W: Additional Medicare Tax

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By Compliance Dashboard
 on December 5, 2012
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Additional Medicare TaxAdditional Medicare Tax:ย The Internal Revenue Service (IRS) has issued proposed regulations and a set of frequently asked questions (FAQs) on the Additional Medicare Tax. It applies to individualsโ€™ wages, other compensation, and self-employment income over certain thresholds. The Additional Medicare Tax was added under health care reform and becomes effective January 1, 2013.