Tax Planner Excludes Additional Medicare on Excess Wages
I have been trying to use the tax planner to update our W-4 withholdings, given the new IRS version of the form. However, I am 99% confident that the Quicken Tax Planner does NOT take into account any excess Medicare tax of 0.9% owed on wages exceeding the thresholds set by the IRS. I have run our numbers using the IRS withholding tool, and performed some other offline calculations to confirm that the estimated tax liability shown in the Tax Planner is understated by the amount of additional medicare tax owed on excess wages. Is there a way for the Q developers to fix this?
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