Planning Center
Net Investment Income Tax (NIIT) was implemented by Congress under the Obama administration as a funding mechanism to pay for the Affordable Care Act. The 3.8% tax is assessed on the income from invested assets when the household income exceeds certain thresholds. But there are ways to reduce your...
Net Investment Income Tax (NIIT) was implemented by Congress under the Obama administration as a funding mechanism to pay for the Affordable Care Act. The 3.8% tax is assessed on the income from invested assets when the household income exceeds certain thresholds. But there are ways to reduce your exposure to this tax.
Tax law changes often. This is general information, not advice for your specific situation. Talk with us before you act on it.
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