Additional Medicare Tax Calculator -With How ,Why & What Explanation !

additional medicare tax calculator

additional medicare tax calculatorThe additional Medicare Tax calculator is for knowing medicare surcharge you are liable to pay or your employer will withhold.As you know the Medicare is the federal health insurance program as per FICA (Federal Insurance Contributions Act)  for people who are 65 or older. But funding for this program is done through the contribution of taxpayers out of his taxable income. The Medicare tax is the amount withheld from salary of an employee with an equal amount of contribution by the employer.

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Salary Paycheck Withholding Calculator 2019

salary paycheck calculator

Salary paycheck withholding calculator 2019  is an easy to use take at home pay calculator to tell you amount of taxes deducted or to be deducted as Federal income tax or state income tax or social security or medicare tax. The calculation can be done for paycheck that is daily ,weekly,biweekly ,monthly or annually. A …

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Section 179 Tax Deduction Calculator

section 179 deduction calculator

Section 179 Deduction has a real impact on your equipment costs. Here’s an easy to use calculator to estimate your tax savings on equipment purchase through section 179 deduction in 2019.

Substantial Presence Test Calculator : Test if You are US Tax Resident

Substantial presence test calculator is here to let you test if you are tax resident or not. As you know ,your tax liability under US code 26 i.e Internal Revenue Code is dependent primarily on one fact. That is whether you are resident of USA for tax purpose. There are many tests to determine US …

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Failure to Pay & File Penalty Calculator

Here is a free IRS late payment penalty and interest calculator for computing failure to pay and file penalty easily and send the detailed report to your mail ( or any one else as pdf )

Alternative Minimum Tax Calculator for 2017 & 2018

alternate minimum tax calculator

 Alternative minimum tax is automatically imposed on a taxpayer earning beyond a threshold. If you are wondering about various rules and conditions related to AMT tax , please read FAQs on Alternative Minimum Tax or AMT ? Section 55 of US Code 26 deals with the AMT and the number of  conditions  this provision contain really makes …

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Who Needs to File Tax Return ? Check This Calculator

who needs to file tax return

who needs to file tax returnAs per US Code 26 , section 6012 , every individual having for the taxable year gross income which equals or exceeds the exemption amount. So an Individual who has Gross Income of 4050 or more for Tax Year 2017 , he /she needs to file the tax return.I have created an easy calculator way to find out who really needs to file tax return to IRS as per US Code 26

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Easy Net Investment Income Tax Calculator

Net investment income tax is a Medicare tax charged on Individuals who have income from capital gains, interest, dividend exceeding a threshold specified under the Internal Revenue Code. This extra medicare tax is known as Net Investment Income Tax (NIIT) .You should not confuse this extra Medicare tax with 0,9 % additional Medicare tax that …

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 Best Tax Tips & Calculators

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