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Turbotax Military Edition

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Turbotax Military Edition

Turbotax military edition Publication 531 - Introductory Material Table of Contents Future Developments What's New Reminder IntroductionOrdering forms and publications. Turbotax military edition Tax questions. Turbotax military edition Future Developments For the latest information about developments related to Publication 531, such as legislation enacted after this publication was published, go to www. Turbotax military edition irs. Turbotax military edition gov/pub531. Turbotax military edition What's New Additional Medicare Tax. Turbotax military edition  Beginning in 2013, a 0. Turbotax military edition 9% Additional Medicare Tax applies to Medicare wages, Railroad Retirement Tax Act (RRTA) compensation, and self-employment income that are more than: $125,000 if married filing separately, $250,000 if married filing jointly, or $200,000 for any other filing status. Turbotax military edition An employer is required to withhold Additional Medicare Tax on any Medicare wages or RRTA compensation it pays to an employee in excess of $200,000 in a calendar year without regard to the employee's filing status. Turbotax military edition An employer is required to begin withholding Additional Medicare Tax in the pay period in which it pays wages or compensation in excess of $200,000 to an employee and continue to withhold it until the end of the calendar year. Turbotax military edition Additional Medicare Tax is only imposed on the employee. Turbotax military edition There is no employer share of Additional Medicare Tax. Turbotax military edition All wages and compensation that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. Turbotax military edition Tips are subject to Additional Medicare Tax withholding, if, in combination with other wages paid by the employer, they exceed the $200,000 withholding threshold. Turbotax military edition Similarly, tips are subject to Additional Medicare Tax withholding, if, in combination with other RRTA compensation paid by the employer, they exceed the $200,000 withholding threshold. Turbotax military edition For more information on Additional Medicare Tax, go to www. Turbotax military edition irs. Turbotax military edition gov and enter “Additional Medicare Tax” in the search box. Turbotax military edition Reminder Photographs of missing children. Turbotax military edition  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Turbotax military edition Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Turbotax military edition You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Turbotax military edition Introduction This publication is for employees who receive tips. Turbotax military edition All tips you receive are income and are subject to federal income tax. Turbotax military edition You must include in gross income all tips you receive directly, charged tips paid to you by your employer, and your share of any tips you receive under a tip-splitting or tip-pooling arrangement. Turbotax military edition The value of noncash tips, such as tickets, passes, or other items of value, is also income and subject to tax. Turbotax military edition Reporting your tip income correctly is not difficult. Turbotax military edition You must do three things. Turbotax military edition Keep a daily tip record. Turbotax military edition Report tips to your employer. Turbotax military edition Report all your tips on your income tax return. Turbotax military edition  This publication will explain these three things and show you what to do on your tax return if you have not done the first two. Turbotax military edition This publication will also show you how to treat allocated tips. Turbotax military edition Comments and suggestions. Turbotax military edition   We welcome your comments about this publication and your suggestions for future editions. Turbotax military edition   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Turbotax military edition NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Turbotax military edition Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Turbotax military edition   You can send your comments from www. Turbotax military edition irs. Turbotax military edition gov/formspubs/. Turbotax military edition Click on “More Information” and then on “Comment on Tax Forms and Publications”. Turbotax military edition   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Turbotax military edition Ordering forms and publications. Turbotax military edition   Visit www. Turbotax military edition irs. Turbotax military edition gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Turbotax military edition Internal Revenue Service 1201 N. Turbotax military edition Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Turbotax military edition   If you have a tax question, check the information available on IRS. Turbotax military edition gov or call 1-800-829-1040. Turbotax military edition We cannot answer tax questions sent to either of the above addresses. Turbotax military edition Prev  Up  Next   Home   More Online Publications
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The Turbotax Military Edition

Turbotax military edition It is tax season again! Figuring out and filing your tax forms can be intimidating – but there is help. Turbotax military edition Here you will find answers, forms and more that will make your paperwork easier, faster and less stressful. Turbotax military edition The information below will help you determine your residency status, find the correct forms you need and give you other information you want to get started. Turbotax military edition