October 2014

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Net Investment Income Tax for 1040 Filers: First Year Thoughts

Posted & filed under Blog.

Since the Affordable Care Act was passed in 2010, there have been plenty of articles discussing one of its new taxes, the Net Investment Income Tax (NIIT), which assesses an additional 3.8% tax on the investment income of individuals and trusts. (For instance, we posted a planning article, Minimizing “Net Investment Income”  in May of…

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