Net Investment Income Tax (NIIT)

The Patient Protection and Affordable Care Act (P.L.111–148), (as amended by the Health Care and Education Reconciliation Act of 2010 (Pub.L. 111-152), contains a 3.8% net investment income tax for tax years beginning after 2012. On Nov. 26, 2013 the IRS announced the final net investment income tax (NIIT) regulations to give taxpayers much needed clarity and simplicity. Final regulations went into effect on Jan. 1, 2013 and applies at a rate of 3.8% to certain net investment income of individuals, estates, and trusts that have income above the statutory threshold amounts. This dedicated resource page contains resources for members to better assist their clients with this tax.

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