The 3.8% net investment income (NII) tax is broader than most taxpayers think. It applies to single filers with modified adjusted gross incomes over $200,000, joint filers with modified adjusted ...

The net investment income tax (NIIT) is an additional 3.8% tax that kicks in if you have investment income and your MAGI exceeds $200,000 for single filers, $250,000 for those married filing ...

Those who are subject to the tax will pay 3.8 percent on the lesser of the following: their net investment income or the amount by which their modified adjusted gross income (MAGI) extends beyond ...

Certain trusts and estates may be subject to the 3.8 percent net investment income tax. ... In 2024, the Dinosaur trust has AGI of $16,000 and undistributed net investment income of $6,000.

The Net Investment Income Tax is separate from the Additional Medicare Tax, which also went into effect on Jan. 1, 2013. You may be subject to both taxes, but not on the same type of income.

It’s a 3.8% surtax on a filer’s income from sources like interest, dividends and capital gains that applies if adjusted gross income, or AGI, is above $200,000 for most single filers or ...

Adjusted gross income is your total gross income minus "above the line" deductions like your 401(k) contributions. Learn how to find your adjusted gross income and why it matters.

Your adjusted gross income, or AGI, is your gross income — the sum of all your income sources for the year — less certain above-the-line deductions allowed by the Internal Revenue Service.

If you're a high earner with investment income, you may be in for a not-so-pleasant surprise when tax time arrives. The intention of the net investment income tax (NIIT) is to raise funds for the… ...

Those who are subject to the tax will pay 3.8 percent on the lesser of the following: their net investment income or the amount by which their modified adjusted gross income (MAGI) extends beyond ...

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