3.8 percent net investment income tax

Is Your Income High Enough To Owe Two Extra Taxes?

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High-income taxpayers face two special taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and self-employment income. Here’s an overview of [...]

Net Investment Income Tax: Does It Apply to You?

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Information from irs.gov If an individual has income from investments, the individual may be subject to net investment income tax. Effective Jan. 1, 2013, individual taxpayers are liable for a [...]