How the 3.8% Net Investment Income Tax Affects Trusts
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 [...]