The IRS has released final rules on the implementation of the .9 percent Medicare tax on high earners, a part of the Affordable Care Act that has been in effect since the beginning of this year. Under the rule, individuals making $200,000 or more; married couples making $250,000 or more; or married persons who are filing individually making $125,000 or more will all be subject to the tax, which is intended to fund Medicare.
↧