Is Medicare Tax on W-2 Deductible?

Wondering why is Medicare Tax on W-2 Deductible impacts your daily choices? Read our breakdown and key takeaways.

See Form 1040 instructions to determine if you’re required to complete Form 8959. Box 6 — Shows the amount of Medicare tax withheld. This amount includes these: Box 7 — Shows any tip income you reported to your employer. Box 8 — Shows tip income allocated to you by your employer. This amount isn’t included in W-2 Boxes 1, 3, 5, or 7.