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2013 Medicare Tax Reminder

November 22, 2013

As we move closer to the end of the year,  we  wanted to remind you that beginning January 1, 2013, employers are responsible for withholding an additional 0.9% Medicare tax from an employee's wages and compensation paid over $200,000 in a calendar year.   If you have  employees who are subject to Medicare tax, now is a good time to review their 2013 year-to-date wages to see if they have already or will exceed the $200,000 threshold for this new tax and to make sure that you are withholding correctly.

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