Hi Cynteria! Tax code 291 typically refers to "Additional Medicare Tax" on your tax documents. This code by itself doesn't indicate that you're receiving money - it's usually related to additional Medicare tax that may have been withheld from your wages if you earned over certain thresholds ($200,000 for single filers, $250,000 for married filing jointly).
To better help you understand what this means for your specific situation, could you provide a bit more context? Are you seeing this code on your W-2, tax return, or another document? This will help clarify whether it affects your refund or tax liability.
@Ana Erdoğan provided great clarification! Just to add - if you re'seeing code 291 on your W-2 in box 12, it means your employer withheld Additional Medicare Tax from your paychecks. This withholding would be credited toward any tax you owe, so it could potentially increase your refund or reduce what you owe. But like Ana mentioned, we d'need to see where exactly you re'seeing this code to give you the most accurate guidance about your specific situation.
Ana Erdoğan
Hi Cynteria! Tax code 291 typically refers to "Additional Medicare Tax" on your tax documents. This code by itself doesn't indicate that you're receiving money - it's usually related to additional Medicare tax that may have been withheld from your wages if you earned over certain thresholds ($200,000 for single filers, $250,000 for married filing jointly). To better help you understand what this means for your specific situation, could you provide a bit more context? Are you seeing this code on your W-2, tax return, or another document? This will help clarify whether it affects your refund or tax liability.
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Aiden O'Connor
•@Ana Erdoğan provided great clarification! Just to add - if you re'seeing code 291 on your W-2 in box 12, it means your employer withheld Additional Medicare Tax from your paychecks. This withholding would be credited toward any tax you owe, so it could potentially increase your refund or reduce what you owe. But like Ana mentioned, we d'need to see where exactly you re'seeing this code to give you the most accurate guidance about your specific situation.
0 coins