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Yesterday the Supreme Court  upheld the Medicare surtax in the 2010 health care bill (Obama Care / ACA) and what many people may not realize is this tax starts in 2013.

On January 1, 2013  a new 3.8% Medicare “surtax” will apply to those whose modified adjusted gross income (MAGI) is above $200,000 for single filers ($250,000 if married, filing jointly or $125,000 if married, filing separately).

Check back I will be posting updates on:

  • The new 3.8% surtax
  • What type of income will be subject to the surtax
  • How the surtax will be calculated and applied
  • How to prepare for it

You may ask questions in the comments or contact me privately Tim Barton, ChFC

 

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