The 3.8% net investment income tax — More than meets the eye
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Description
Abstract: There’s a lot for taxpayers to know when it comes to the 3.8% net investment income tax (NIIT). This new tax is imposed on income from several sources and its impact is far reaching. This article discusses those sources, along with income types that are not subject to the NIIT, and explains the income thresholds that can apply to different kinds of tax filers.
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