The net investment income tax (NIIT) is a 3.8 percent tax on net investment income for individuals exceeding certain income ...
Depending on your income ... for Earned Income Tax Credit, Child Tax Credit and Student Loan Interest). Roughly 37% of filers qualify. Do I need to worry about the net investment income tax?
Profit and prosper with the best of expert advice - straight to your e-mail. The net investment income tax is a 3.8% tax you must pay if your modified adjusted gross income (MAGI) exceeds a ...
When they file their returns this year, high-income taxpayers should be prepared for an additional hit. The net investment income tax (NIIT) has been around for more than a decade, but it's not as ...
is an additional 3.8% tax that may be imposed on certain net investment income if your modified adjusted gross income (MAGI) is above certain thresholds: This means that if your income is above ...
Dividends and interest from your investments are also considered a form of income. Federal and most state governments want to collect a percentage of these transactions and they do so in the form ...
If your investments made money, you might owe something called the net investment income tax (NIIT) on your profits. Although many investors are not likely to get hit with this bill, it’s ...