Posted on May 5, 2022
A supplementary 0.9% Medicare surtax pertains to higher-earnings earners given that tax year 2013. Very to have tax year 2021, this new Medicare surtax applies to single filers and you may brains off home whoever income is higher than $200,one hundred thousand, married couples submitting as one whose income is higher than $250,100000 and you will married couples processing separately with income of $125,one hundred thousand or higher.
In the event that as the a separate contractor, you would expect to are obligated to pay $step one,one hundred thousand or maybe more into the taxation after you document your yearly go back, you will need to create estimated quarterly tax costs. (more…)