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    whiting1126's Avatar
    whiting1126 Posts: 1, Reputation: 1
    New Member

    Oct 28, 2006, 07:19 AM
    Medicare Deduction
    I worked for the same company for 15 years. We were just bought out so I essentially became a new employee of the company that bought us on July 1st. In the past I would stop getting Medicare deducted from my pay around October. Will it still go on now that I switched employers?

    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert

    Oct 28, 2006, 01:49 PM
    I do not see how you could get the Medicare deduction stopped, as the 1.45% Medicare tax applies to every dollar you earn.

    Now, the 6.2% Social Security stops once you hit the $90K ceiling. It may not stop due to your new employer, but you should get the over-withholding back when you file your 2006 tax return.

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