Medicare Withholding Tax to Increase to 30 Percent

Medicare Withholding Tax to Increase to 30 Percent

Healthcare providers, physicians, and suppliers who owe federal taxes will see a substantial increase in the amounts the Centers for Medicare & Medicaid Services (CMS) withholds in their Medicare payments, beginning June 19, 2015.

CMS recently announced its implementation of the Tax Increase Prevention Act of 2014, which mandates an increase of the tax levy to 30 percent, up from the current 15 percent.

The tax levy is continuous until the overdue taxes are paid in full, or other arrangements are made to satisfy the debt.

Source: MLN Matters® article MM9154

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Renee Dustman

Renee Dustman

Renee Dustman is executive editor at AAPC. She has a Bachelor of Science degree in Journalism and a long history of writing just about anything for just about every kind of publication there is or ever has been. She’s also worked in production management for print media, and continues to dabble in graphic design.
Renee Dustman

About Has 423 Posts

Renee Dustman is executive editor at AAPC. She has a Bachelor of Science degree in Journalism and a long history of writing just about anything for just about every kind of publication there is or ever has been. She’s also worked in production management for print media, and continues to dabble in graphic design.

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