Medicare income is massive

[mcbreck]

Client's W2 shows $380k in Medicare income and $250k in taxable income. Deductions on the W2 show only the retirement for about $18k. Why would Medicare be so much higher? Client doesn't have a clue where they got that number.

[Medlin Software, Dennis]

The employer is the place to ask. I am sure we could come up with some possibilities, but our guesses will not help your client.

[jklcpa]

NQ deferred comp?

Many times the year-end paystub has the details in the YTD figures used for the W-2.

Edited March 19, 2024 by jklcpa
added 2nd line