Net Investment Income Tax - Individuals, Estates, and Trusts

URI: https://gptkb.org/entity/Net_Investment_Income_Tax_-_Individuals,_Estates,_and_Trusts
GPTKB entity
Statements (33)
Predicate Object
gptkbp:instanceOf gptkb:tax_law
gptkbp:alsoKnownAs gptkb:Medicare_surtax
gptkb:NIIT
gptkbp:appliesSince 2013
gptkbp:appliesTo individuals
estates
trusts
gptkbp:appliesToIncomeType interest
dividends
capital gains
non-qualified annuities
rental income
royalties
income from businesses involved in trading financial instruments or commodities
net investment income
gptkbp:codifiedIn gptkb:Internal_Revenue_Code_Section_1411
gptkbp:excludes wages
Social Security benefits
self-employment income
tax-exempt interest
distributions from qualified retirement plans
gptkbp:form gptkb:IRS_Form_8960
https://www.w3.org/2000/01/rdf-schema#label Net Investment Income Tax - Individuals, Estates, and Trusts
gptkbp:imposedBy gptkb:Internal_Revenue_Service
gptkbp:purpose funding Medicare expansion under the Affordable Care Act
gptkbp:rating 3.8%
gptkbp:thresholdForHeadOfHousehold $200,000
gptkbp:thresholdForMarriedFilingJointly $250,000
gptkbp:thresholdForMarriedFilingSeparately $125,000
gptkbp:thresholdForQualifyingWidow(er) $250,000
gptkbp:thresholdForSingleFilers $200,000
gptkbp:bfsParent gptkb:IRS_Form_8960
gptkbp:bfsLayer 6