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The net investment income tax adds an extra 3.8 percent tax on investment income for high earners, but with the right ...
In 2013, a tax on net investment income of 3.8% was adopted and applied to individuals and married couples making certain minimum amounts of modified adjusted gross income in a given tax year.
If you don’t know what Net Investment Income Tax (NIIT) is, you’re not alone. This relatively new tax began a little over a decade ago but the number of taxpayers subject to the tax has ...
Recent court holdings allowing the credit against the tax may encourage similarly situated taxpayers, but procedural hurdles ...
The Net Investment Income Tax is separate from the Additional Medicare Tax, which also went into effect on Jan. 1, 2013. You may be subject to both taxes, but not on the same type of income.
The net investment income tax (NIIT) adds a 3.8% tax on capital gains and investment income. NIIT thresholds have remained fixed since 2013, so more taxpayers are feeling its impact.
Congress is considering the Educational Choice for Children Act, which would allow wealthy investors to donate their ...
Net investment income is income from investments (interest, dividends, annuities, rentals, etc.); income from businesses you don’t materially participate in; net capital gains earned on property that ...
Net favorable prior year reserve development of $378 million pre-tax. Net investment income increased 10% pre-tax over the prior year quarter. Operating cash flows of $1.360 billion.
The net investment income tax adds an extra 3.8 percent tax on investment income for high earners, but with the right strategies, you can reduce or eliminate it.
The net investment income tax (NIIT) has been around for more than a decade, but it’s not as well known as other federal levies on investment earnings. This leaves some taxpayers unaware of its ...