The net investment income tax (NIIT) is a 3.8 percent tax on net investment income for individuals exceeding certain income ...

This means that NII taxes must be paid ... Investments can also be sold at a loss to reduce total net investment income in a tax year -- a strategy known as tax-loss harvesting.

This means: If a taxpayer has long-term ... the taxpayer can deduct up to $3,000 of the net capital loss against ordinary income for the year. A net loss in excess of $3,000 (or $1,500 for those ...

Kansas City Life Insurance Company reported a net loss of $12.6 million, or $1.30 per share, in the fourth quarter of 2024, ...

This means their net investment income is $80k. Their MAGI (wages plus ... Make Making incorrect assumptions about tax brackets, tax-loss harvesting, charitable giving, estate taxes and more ...

When they file their returns this year, high-income taxpayers should be prepared for an additional hit. The net investment ...