Medicare Withholding Tax to Increase to 30 Percent

  • By
  • In AAPC News
  • May 19, 2015
  • Comments Off on 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
Follow me

About Has 741 Posts

Renee Dustman, BS, AAPC MACRA Proficient, is managing editor - content & editorial at AAPC. She holds a Bachelor of Science degree in Media Communications - Journalism. Renee has more than 30 years' experience in journalistic reporting, print production, graphic design, and content management. Follow her on Twitter @dustman_aapc.

Comments are closed.