If you prepare W-2s for business clients, please note that the extra .9% Medicare Tax for those subject to the tax is not shown separately in a separate field on the W-2. It is included in W-2 Box 6 (Medicare Tax Withholding).
(How the software programs are going to handle the extra amount and include it on the line for FWT is anyone's guess at this point).
The W-2 instructions note that is how it's reported.
If you go to irs.gov and in the search field enter "Additional Medicare Tax" it brings you to a FAQ screen dated in November - here's the question that discusses this -
52. How does an employer report Additional Medicare Tax on Form W-2?
There is no change to the boxes on Form W-2. An employer will enter the total employee Medicare tax (including any Additional Medicare Tax) withheld on Medicare wages and tips in box 6 (“Medicare tax withheld”). A railroad employer will report Additional Medicare Tax in box 14.
(How the software programs are going to handle the extra amount and include it on the line for FWT is anyone's guess at this point).
The W-2 instructions note that is how it's reported.
If you go to irs.gov and in the search field enter "Additional Medicare Tax" it brings you to a FAQ screen dated in November - here's the question that discusses this -
52. How does an employer report Additional Medicare Tax on Form W-2?
There is no change to the boxes on Form W-2. An employer will enter the total employee Medicare tax (including any Additional Medicare Tax) withheld on Medicare wages and tips in box 6 (“Medicare tax withheld”). A railroad employer will report Additional Medicare Tax in box 14.
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