Court Upheld Medicare Surtax

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

 

Tags: health care, Medicare Surtax, Money

This entry was posted on June 29, 2012 at 11:33 am and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed.