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A MoneySense reader wants input on the tax implications of her investment withdrawals, but she can’t get a straight answer from her advisor.
Most UAE residents are missing millions in potential wealth by starting too late, despite having a unique tax-free advantage, ...
The U.S. House passed a tax bill last week that will ensure the income tax rate cuts enacted as part of 2017’s Tax Cuts and Jobs Act (TCJA), which provided a net tax cut to the vast majority of ...
The investment category was created in 2012, but more clarity is needed regarding applicable tax rates. The industry has been seeking pass-through status so that taxation moves to the investor ...
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Additionally, high-income taxpayers are subject to a 3.8 percent net investment income tax on earnings above $200,000 for individuals and $250,000 for married couples filing jointly.
Those who are subject to the tax will pay 3.8 percent on the lesser of the following: their net investment income or the amount by which their modified adjusted gross income (MAGI) extends beyond ...
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 ...
Be Aware of the Net Investment Income Tax Net Investment Income Tax (NIIT) is a 3.8% tax on earners making over $200,000 for single filers or $250,000 for married filers of adjusted gross income.
Net investment income is income received from assets (before taxes) including bonds, stocks, mutual funds, loans, and other investments (less related expenses). NII is subject to a 3.8% tax for ...