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

Renee Dustman

Renee Dustman

Executive Editor at AAPC
Renee Dustman, BS, MACRA Proficient, is an executive editor at AAPC. She holds a Bachelor of Science degree in Media Communications - Journalism. She has more than 20 years experience in print production and content management, and has worked in a variety of capacities for several publications.
Renee Dustman

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Renee Dustman, BS, MACRA Proficient, is an executive editor at AAPC. She holds a Bachelor of Science degree in Media Communications - Journalism. She has more than 20 years experience in print production and content management, and has worked in a variety of capacities for several publications.

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