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Form 8853 for Georgia: What You Should Know
Medicare program and the type of benefits for which you receive the payments, you may be eligible to receive a credit not to exceed the greatest of the amounts reported in your income tax return for Medicare reimbursement for long-term care medical expenses, or 50% of the amount of the payment you received for such expenses. The credit allowable under Section C, above, starts the month the credit is declared. The total credit allowed by section C, above, is 800,000 for 2023 for all Medicare employees, except: (1) a hospital manager or physician, (2) an ambulance driver, (3) a self-medicating individual who uses Medicare for health care, (4) an individual who is married and has dependent children, (5) an individual who receives Medicare for health care under a dependent spouse's enrollment, and (6) an individual who receives Medicare overpayments for the purpose of establishing a deficiency. Note: All the credit allowed by section C, above, includes any amounts you are receiving that are not subject to gross income tax withholding. To enter in Taxpayer Pro, from the Main Menu of the tax return, select: Adjustments. If a hospital or nursing home manager who is self-employed receives payments through this Medicare program, he is included in the employer group filing status and is considered to be an employee (rather than an independent contractor), the Medicare program will be reported to the employer if he works for the hospital management company/self-employed, and the wages reported may be subject to Medicare tax withholding based on the wages reported to the employer and the self-employed payment received. If a self-employed individual that is married to a hospital manager and owns property is self-employed and received payments from Medicare programs for property and services, he is included in the employer group filing status and is permanently considered an independent contractor. The Medicare program will be reported to the employer for taxes paid to the Department of Revenue. Payments for services will report to Medicare only for long-term care services and home health services provisions. Payments will report to the hospital administrator and not to the hospital manager. To enter in Taxpayer Pro Support, from the Main Menu of the tax return, select: Adjusted.
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