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The net investment income tax (NIIT) is an additional 3.8% tax that kicks in if you have investment income and your MAGI exceeds $200,000 for single filers, $250,000 for those married filing ...
Net investment income tax example . Note: Keep in mind this is a simple example. Real-world scenarios can typically be more ...
Created as part of the Health Care and Education Reconciliation Act to fund healthcare reform in 2010, the net investment income tax (NIIT) is a 3.8% surtax that typically applies only to high ...
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.
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 3.8% net investment income (NII) tax is broader than most taxpayers think. It applies to single filers with modified adjusted gross incomes over $200,000, joint filers with modified adjusted ...
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.
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 ...
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.