Affordable Care Act 3.8% Surtax on Net Investment Income
A new 3.8% surtax on certain investment income starts January 1, 2013, as part of the health care reform legislation. It applies to net investment income of higher-income individuals. The 3.8% surtax is in addition to your regular income tax, and it is also in addition to any alternative minimum tax. “Net investment income” includes… Read More