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Started By
Message
My Medicare tax withholding on my paycheck increased 60%
Posted on 7/3/20 at 3:01 pm
Posted on 7/3/20 at 3:01 pm
From May to June pay period. Salary is the same. What would cause this?
6
Posted on 7/3/20 at 4:45 pm to C
Should be 1.45 % of your gross payroll, less any pretax items. Most likely payroll error or change in pretax items, although 60% would be large amount for pretax items.
Posted on 7/3/20 at 6:32 pm to McNeeseLSU
Yeah sitting around 2.2%. I’ll send a note to my payroll. Can’t imagine why
Posted on 7/3/20 at 7:48 pm to C
Mine changed as well (not as much as you). For me, it was due to "imputed income"; this is from benefits provided to you that are paid by your employer; like my company provides life insurance for me and the company pays for it.
Posted on 7/3/20 at 9:12 pm to C
Posted on 7/3/20 at 9:33 pm to C
Did you hit 200k gross wages in May/June?
Medicare tax is 1.45% for first 200k taxable wages and 2.35% after up to no limit.
Assuming this is true
A - You got to quit paying SS at 137k
B - Quit bitchin. you make a shitload of $
Medicare tax is 1.45% for first 200k taxable wages and 2.35% after up to no limit.
Assuming this is true
A - You got to quit paying SS at 137k
B - Quit bitchin. you make a shitload of $
Posted on 7/3/20 at 9:35 pm to C
Nice subtle brag!
Posted on 7/4/20 at 10:51 am to C
Mine goes up every year in March
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