Question

Additional medicare and net investment income taxes

Forum|Forum|1 year ago
April 7, 2025
1 reply
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As I was filing out the form, TurboTax prompted me with a new additional medicare tax (over $2000) and net investment income tax (over $1900). Are these extra taxes expected for Washington state? I was fully covered by a high-deductible health plan all year 2024. I don't remember having these extra taxes last year.

thexse are additional fedearl taxes.

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additional medicare tax form 8959 .9% on medicare wages and/or self-employment income (loss ignored) over the threshold;

joint return $250K

married filing separately $125K

any other filing status $200K

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net investment income tax form 8960. 3.8% of the lesser of

1) net investment income or

2) the excess of modified adjusted gross income over the threshold

joint retrun or qualified surviving spouse $250K

single or head of household $200K

married filing separately $125K