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Old 04-10-2022, 05:00 PM
 
Location: Bellevue
3,003 posts, read 3,253,977 times
Reputation: 2840

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Quote:
Originally Posted by mojo101 View Post
I dont understand this medicare deduction>
If she is over 65,then the medicare premium should come out of her SS check??
The employer may be required to take & match the OASDI & HI tax. OASDI is your Social Security tax that has some limits. HI goes to Medicare & has no limit. The OASDI tax will go to create benefits in the future. The HI tax may generate credits to pay Part A for benefits in the future.

For the OP it appears you need to find a tax professional ASAP. Nothing we can do in an online forum.
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Old 04-10-2022, 06:03 PM
 
15,265 posts, read 7,300,845 times
Reputation: 19195
Quote:
Originally Posted by mojo101 View Post
OP has told us her employer has withheld $1647.35 medicare and $7159.27 SS,her gross income is $115,472,she is born after Jan 2,1957 which says she is less than 65 years old(.
also if no tax is withheld in 2021,and it turns out she owes tax,is there a penalty for not making estimated tax payment for 2021?
Probably will be subject to a penalty. Or the company that made the payments will be, if the IRS determines that the OP was actually an employee. Withholding the FICA and Medicare is a pretty good indication that the payee is actually an employee, not a contractor.
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Old 04-10-2022, 07:55 PM
 
Location: OH>IL>CO>CT
7,490 posts, read 13,527,150 times
Reputation: 11852
In post #26 https://www.city-data.com/forum/63239907-post26.html

the OP stated that numbers for Wages and SS & Medicare deductions, came from a W-2. But apparently no IRS income tax withholding was done, for whatever reason.
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Old 04-10-2022, 08:00 PM
 
10,864 posts, read 6,387,311 times
Reputation: 7959
Quote:
Originally Posted by WRM20 View Post
Probably will be subject to a penalty. Or the company that made the payments will be, if the IRS determines that the OP was actually an employee. Withholding the FICA and Medicare is a pretty good indication that the payee is actually an employee, not a contractor.
my colleague back in the 80s must have filed a form that he does not believe in paying taxes,thats why the payroll dept never withhold any income tax from his paycheck,may be OP did the same.
this could be a way of borrowing from yourself or Uncle,then figure what to do next year .
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Old 04-10-2022, 08:04 PM
 
10,864 posts, read 6,387,311 times
Reputation: 7959
something like thisi will be caught by the computer first ,and then a human will look into it,but IRS is so badly behind.
If she is ever audited,they will llok at two years worth of returns plus documents
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Old 04-10-2022, 08:08 PM
 
Location: OH>IL>CO>CT
7,490 posts, read 13,527,150 times
Reputation: 11852
Quote:
Originally Posted by mojo101 View Post
I dont understand this medicare deduction>
If she is over 65,then the medicare premium should come out of her SS check??
Even if the OP was over 65, and enrolled in Medicare, when still working for wages, SS & Medicare taxes are still a payroll deduction.
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Old 04-10-2022, 08:18 PM
 
10,864 posts, read 6,387,311 times
Reputation: 7959
Quote:
Originally Posted by reed303 View Post
Even if the OP was over 65, and enrolled in Medicare, when still working for wages, SS & Medicare taxes are still a payroll deduction.
so she is an employee,not a contractor?
then why is Fed income tax not withheld??
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Old 04-10-2022, 09:58 PM
 
Location: OH>IL>CO>CT
7,490 posts, read 13,527,150 times
Reputation: 11852
Quote:
Originally Posted by reed303 View Post
Even if the OP was over 65, and enrolled in Medicare, when still working for wages, SS & Medicare taxes are still a payroll deduction.
Quote:
Originally Posted by mojo101 View Post
so she is an employee,not a contractor?
then why is Fed income tax not withheld??
That seems to be the $64 question
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Old 04-11-2022, 06:16 AM
 
Location: Kansas City North
6,805 posts, read 11,460,965 times
Reputation: 17039
Quote:
Originally Posted by mojo101 View Post
so she is an employee,not a contractor?
then why is Fed income tax not withheld??
I thought if one was a contractor, you got a 1099 (no taxes or SS/Medicare withheld) and if you were an employee you got a W-2 and the employer withheld SS/Medicare and taxes. Have I been thinking wrong all these years?
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Old 04-11-2022, 07:41 AM
 
15,265 posts, read 7,300,845 times
Reputation: 19195
Quote:
Originally Posted by Okey Dokie View Post
I thought if one was a contractor, you got a 1099 (no taxes or SS/Medicare withheld) and if you were an employee you got a W-2 and the employer withheld SS/Medicare and taxes. Have I been thinking wrong all these years?
No, but there are companies that treat people like contractors, but offer to withhold FICA and Medicare taxes. It's just weird.
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