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INVESTMENT INCOME | subject to tax

11/11/2016

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Are your investments subject to the 3.8% Net Investment Tax? It targets things like vacation homes and investment properties owned by high income individuals who exceed the threshold.

This law requires a tax of 3.8% on the lesser of either your net investment income or the amount by which your modified adjusted gross income (MAGI) exceeds a certain threshold.

  • Filing Single/Head of Household — MAGI Threshold:  $200,000
  • Filing Married, Filing Jointly — MAGI Threshold:  $250,000
  • Filing Married, Filing Separately — MAGI Threshold $125,000

Here’s a few examples of what is generally included:
​
  • Interest
  • Dividends
  • Capital gains
  • Rental and Royalty Income
  • Non-Qualified Annuities

​Please make sure to consult your personal CPA with question on the Net Investment Tax and how it pertains to you. But always BE TAX ADVANTAGEOUS!

Source:  American’s Tax Solutions / www.irs.gov

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    Rhonda A. Mannes,
    ​CPA, ARA.
    Phone: 702-233-6310


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