New Tax Law Creates Medicare Tax Cutoff Suspense

What You Need To Know

• The so-called Medicare surtax amounts to 3.8% of certain types of income over $200,000 for individual filers.
• The 0.9% additional Medicare tax applies to wages and net self-employment income over $200,000 for individual filers.
• Neither threshold is adjusted for inflation.
• One question about OBBBA is what it will do to the odds that moderately high-income taxpayers will reach the Medicare surtax or additional Medicare tax threshold.