New Tax Law Hits Trusts Hard

Most of the tax increases in the American Tax Relief Act of 2012 (ATRA) were aimed at the wealthiest taxpayers. Unfortunately, the tax increases will hit trusts hard.   The Tax Changes First, the Patient Protection and Affordable Care Act (often called “Obamacare”) imposes a 3.8% surtax on net investment income. “Net investment income” generally… Read More