High-income taxpayers face a regular income tax rate of 35% or 37%. And they may also have to pay a 3.8% net investment income tax (NIIT) that’s imposed in addition to regular income tax. Fortunately, there are some ways you may be able to reduce its impact.
Continue Reading: Reduce the impact of the 3.8% net investment income tax
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 the taxes and what they may mean for you.
Continue Reading: Is your income high enough to owe two extra taxes?
Year-end is a good time to plan to save taxes by carefully structuring your capital gains and losses.
Continue Reading: Stock market investors: Year-end tax strategies to consider
High-income taxpayers face a 3.8% net investment income tax (NIIT) that’s imposed in addition to regular income tax. Fortunately, there are some steps you may be able to take to reduce its impact.
Continue Reading: Plan ahead for the 3.8% Net Investment Income Tax