Even though the tax took effect on January 1, 2013, final regulations for the 0.9 percent additional Medicare Tax imposed by the Affordable Care Act were released in early December. The additional Medicare tax applies to wages, compensation and self-employment income above the following threshold amounts:
- $200,000 for single taxpayers
- $250,000 for married taxpayers filing jointly or $125,000 for married taxpayers filing separately
Final regulations were also released on the 3.8 percent Net Investment Income Tax, another tax included in the
Affordable Care Act.
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