3.8% Medicare Tax on Net Investment Income and .9% Additional ...

Additional Medicare Tax (8959) Net Investment Income Tax (8960 ...

9%, which if added together is 3.8%? This is a combination of Medicare Tax paid by the employee/individual and the employer, not just an ...

Tax rate questions : r/tax - Reddit

The 0.9% Additional Medicare Tax applies to wage & earned income over a certain threshold, not investment income. So they are similar taxes but ...

Higher Income, Capital Gains and Medicare Taxes – and What to Do

Beginning January 1, 2013, for tax years that end in 2013, the new 3.8% Medicare tax on net investment income goes into effect for single ...

What is Net Investment Income Tax (NIIT) and Who Pays It? - Kiplinger

The net investment income tax is a 3.8% tax you must pay if your modified adjusted gross income (MAGI) exceeds a certain threshold. (More on ...

The 'You-Make-a-Lot-of-Money Tax' Hits More Americans - WSJ

This levy is called the net investment income tax, or NIIT for short. It's a 3.8% surtax on a filer's income from sources like interest, dividends and capital ...

Net Investment Income Tax Regulations Affecting S Corporations

9 This further implies that each item of income may be tested separately ... income (subject to Medicare tax) or net investment income (subject to the ...

President-Elect Trump's Tax Proposals at a Glance | Crowe LLP

In addition, there is a 3.8% net investment income tax (NIIT). The Medicare tax on earnings is 2.9%. Self-employed individuals and ...

3.8% NET INVESTMENT INCOME TAX (NIIT) — 2013 - Spidell

Contrary to what your clients may have heard, the 3.8% additional Medicare tax does NOT apply to the sales price of a principal residence. Only the taxable gain ...

Investment Tax Calculator - Eaton Vance

Local income tax rates that do not apply to investment income or gains are not included. **** The 3.8% Net Investment Income (NII) federal tax applies to ...

US President Biden releases FY2024 Budget - EY Global Tax News

Overall, the FY2024 Budget includes $4 trillion in net tax increases, which is more than the $2.5 trillion in the FY2023 Budget, but that ...

TaxProf Blog: House Health Care Bill Includes 3.8% Medicare Tax ...

The income level would be a threshold. Under proposed Code section 1411(a)(1), as added by the bill, the tax would apply to the LESSER of (net investment income) ...

Changes To Be Aware of This Filing Season - Robbins DiMonte, Ltd.

Another of the new taxes is the Medicare surcharge tax. The Medicare surcharge applies to individuals with wages over $200,000 or couples over $250,000. The tax ...

Medicare Tax: Current Rate, Who Pays & Why It's Mandatory

Net Investment Income Tax (NIIT), also known as unearned income Medicare contribution surtax, is an additional 3.8% tax applied to net ...

Coping with the New 3.8% Medicare Surtax - Lewis & Knopf

Here's how it works: Based on a tax return calculation, a 3.8% surtax applies to the lesser of (1) your net investment income or (2) the amount ...

Net Investment Income Tax Surprise: Significant Participation Rule ...

Sec. 1411 created a new 3.8% tax on net investment income beginning in 2013. Whether income is included in net investment income often hinges on ...

Final Net Investment Income, Additional Medicare Tax Regulations

Medicare Tax In Final Regs. Recently released final regulations aim to clarify the Code Sec. 1411. 3.8 percent Net Investment Income. (NII) tax ...

How New Medicare Tax Could Affect Sale of a Business

The new Medicare tax applies to net investment income of individuals whose modified adjusted gross income exceeds certain threshold amounts.

Understanding Taxes - Annuities.PacificLife.com

The Net Investment Income Tax (NIIT) became effective January 1, 2013, to help fund the Affordable Care Act. This additional 3.8% federal tax can impact ...

Your exec comp could be subject to the 0.9% additional Medicare ...

The additional Medicare tax and net investment income tax (NIIT) apply when certain income exceeds the applicable threshold: $250000 for ...

Basics of the Net Investment Income Tax | Blue Bell, PA

The 0.9% Additional Medicare Tax applies to individuals' wages, compensation and self-employment income over certain thresholds, but it does not ...