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Net Investment Income Tax... Explained.

"Net Investment Income Tax (NIIT)... What is that?!?" The Net Investment Income Tax (NIIT) is a 3.8% tax on certain investment income for higher-income individuals. Investment income includes interest, dividends, capital gains, rental income, and more. In this Installment of "What is that?!? Tiffany Gonzalez CPA will be explaining Net Investment Income Tax. Talking about whom this tax affects now, and most importantly what changes we could see in the near future that might expand this tax to more taxpayers. If your modified adjusted gross income (MAGI) exceeds $200,000 (single) or $250,000 (married filing jointly), you may be subject to this tax. Stay informed and consider tax-efficient strategies to make the most of your investments. 💰💡 Tune in and get your financial I.Q. up! Accounting to Scale is dedicated to the betterment of the community through financial education. Please leave any topics you wish to learn about or feel should be talked about in the comments below. Contact us: ☎ 305.503.2814 🖥www.accountingtoscale.com [email protected] #MiamiAccounting #Smallbusinessmiami #MiamiCPA #MiamiBookkeeper #MiamiBookkeeping #Lifeinsurance #financialplanning #retirementplanning #401k #Roth401k #roth #SEP #SEPIRA #taxtips #mortgage #mortgageinterestrates#TaxTips #InvestingWisely #NIIT