Are any of you getting a form 8959 (additional Medicare Tax) for excess withholding reconciliation (Part V) when there is only one W-2? Is there a way to override this?

Forum|Forum|2 years ago
February 17, 2024
1 reply
11 views

I believe the employer is suppose to take care of adjusting additional withholding if it is just on one W-2. Is it okay to show as additional withholding on your tax return when it is on just one W-2?

Lacerte Tax

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Best answer by sjrcpa

209,918 x 1.45% = 3,044.

It appears that the one employer did overwithhold by $ 89. THAT should be refunded by the ER.

It has nothing to do with the F.8959.

9918 x .009 = $89 and is the appropriate addl withholding when wages are >$200K I believe.

abctax55

Level 15

What are the Taxable wages, and Medicare wages on the W-2. And what is the medicare w/h on the W-2?

Did you follow the math on the F - 8959?

HumanKind... Be Both

S

SandyBAuthor

Level 2

Taxable wages are $204956

Medicare wages are $209918

Medicare withholding is $3133

Yes math was followed on 8959. Math is correct.

However, even the first line in Part V says "If you have more than one W-2....." and I believe the employer is suppose to take care of the over-withholding correction if it is just one W-2 as it is in this situation.

I just am not sure if it is appropriate to claim the additional Medicare tax withholding when there is only one W-2.

sjrcpa

Level 15

Read up on Additional Medicare Tax and the Form 8959.

Above a certain amount of wages, additional Medicate tax is withheld and due.

This has been around for several years.

The more I know the more I don’t know.

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