May 12th, 2009
Medicare lost about $80 billion last year alone (2009) in Medicare fraud. You can see that number at http://www.politifact.com/truth-o-meter/statements/2009/aug/27/tom-coburn/coburn-says-20-percent-every-medicare-dollar-goes-/
You have to report this on your 2009 Return. You cannot decide which year you wish to report income. It must be filed on the return for the year in which it was withdrawn or in which income was earned.
The amount of Medicare taxes paid during the year is reported on Form W-2, which employers provide to employees. The Medicare tax amount is typically listed in Box 6 of the form. Additionally, self-employed individuals report their Medicare tax contributions on Schedule SE, which is filed with their Form 1040.
If you're asking about the monthly deduction for your Medicare Part B, it is $96.40 if you make less than $85,000.00 per year. If you're asking about the deductibles: The Medicare Part A deductible for 2008 was $1024.00 for days 1-60 of hospitalization. That amount will increase to $1068.00 for 2009. The Medicare Part B deductible for 2009 is the same as 2008 at $135.00.
Medicare funds have not, to this point, been depleted.
Follow how the company reported it on the 1099. If they include it in year 1 report as such. If not, they should be sending you a 1099 with it in year 2.
don't know about 2009 but they report having around 5 million tourists a year.
Yes when is for income that you earned in the tax year 2009 that is the tax year income tax return that it HAS to be reported on.
Yes, it is preventive.
During your working life, you pay Medicare tax out of your paycheck. That tax pays for your Part A Medicare, which is the hospitalization portion of Medicare. Then when you enroll in Medicare, you can purchase Medicare Part B which is the medical/doctor's office portion of Medicare. When you purchase Part B, it is automatically deducted from your Social Security check each month. This amount will normally be $96.40(for 2009) unless you make more than $85,000.00 per year, then you will pay more for the monthly premium.
During your working life, you pay Medicare tax out of your paycheck. That tax pays for your Medicare Part A (hospitalization). When you turn 65 and enroll in Medicare, you can choose to enroll in Part B (medical/doctor's office). The premium for Part B for 2009 is $96.40 per month (if you make less than $85,000.00 per year) which is automatically deducted from your Social Security check.
During your working life, you pay Medicare tax out of your paycheck. That tax pays for your Medicare Part A (hospitalization). When you turn 65 and enroll in Medicare, you can choose to enroll in Part B (medical/doctor's office). The premium for Part B for 2009 is $96.40 per month (if you make less than $85,000.00 per year) which is automatically deducted from your Social Security check.