The Net Investment Income Tax (NIIT) is calculated as 3.8% of the lesser of two amounts: the taxpayer's net investment income or the amount by which the taxpayer's modified adjusted gross income (MAGI) exceeds the applicable threshold for their filing status.

Authors

• Person: Not available Organization: Mercer Advisors
  Capital Gains and Tax Loss Harvesting Explained - Mercer Advisors

Sources

• Capital Gains and Tax Loss Harvesting Explained - Mercer Advisors www.merceradvisors.com Mercer Advisors via serper

Referenced by nodes (1)

• net investment income tax concept