How the 3.8% Net Investment Income Tax Affects Trusts

By |2020-01-03T09:21:02-06:00July 1st, 2016|Investment, Tax, Tax Services, Trust|

 The Heath Care and Education Reconciliation Act of 2010 added Section 1411 to the Code, effective December 31, 2012.  Section 1411 imposes a non-deductible 3.8% tax on net investment income of individuals, estates and trusts that have income above specified thresholds as follows: Married filing jointly  $250,000 Married filing separately  $125,000 Single  $200,000 Estates [...]