Tax planning tips for 2016 investment income
The 3.8% Net Investment Income Tax (3.8% NIIT) is imposed on net investment income of higher-income individuals. This tax applies to individuals with modified adjusted gross income (MAGI) exceeding the following “thresholds,” which are not indexed for inflation: $250,000 for married individuals filing jointly; $200,000 if single; and $125,000 if married filing separately. The 3.8% […]