{"id":2229,"date":"2021-09-01T10:07:25","date_gmt":"2021-09-01T10:07:25","guid":{"rendered":"https:\/\/wordpress-982206-3636506.cloudwaysapps.com\/?page_id=2229"},"modified":"2021-09-01T10:08:29","modified_gmt":"2021-09-01T10:08:29","slug":"net-investment-income-tax","status":"publish","type":"page","link":"https:\/\/wordpress-982206-3636506.cloudwaysapps.com\/net-investment-income-tax\/","title":{"rendered":"Net Investment Income Tax"},"content":{"rendered":"<p>[vc_row][vc_column]<div class='cws_textmodule_6672b76d21adf cws_textmodule'><h3 class='cws_textmodule_title'><span class='cws_textmodule_title_text title_color_simple'>Net Investment Income Tax<\/span><\/h3><div class=\"cws_textmodule_divider\"><div class=\"cws_textmodule_divider_inner\"><\/div><\/div><div class='cws_textmodule_content'><p>Investment income is considered anything you earn passively, from a source for which you did not actively work. Typically, this income is earned from an investment, although only the amount that exceeds the expenses or capital losses associated with the investment counts. Examples of investment income include:<\/p>\n<ul>\n<li>Dividends from stocks, bonds, or mutual funds<\/li>\n<li>Realized gains from selling these financial instruments<\/li>\n<li>Interest payments from loans<\/li>\n<li>Capital gains from investment property sales \u2014 or any property that\u2019s not your primary residence<\/li>\n<li>Profits from selling a business, if you were a passive shareholder<\/li>\n<li>Rental income<\/li>\n<li>The interest from non-qualified annuities<\/li>\n<li>Royalty income<\/li>\n<\/ul>\n\n<\/div><\/div>[vc_empty_space][vc_column_text]<strong>The NIIT Thresholds<\/strong>[\/vc_column_text][vc_empty_space height=&#8221;20px&#8221;][vc_column_text]Put into effect in 2013, the net investment income tax is set at 3.8 percent. Keep in mind that this is net income, so you always get to subtract your expenses, fees, and taxes already paid to arrive at the net sum. It only applies to individuals, trusts, and estates. This is not a business tax.<br \/>\nFor high net-worth individuals like you, your net investment income \u2014 fewer expenses \u2014 is taxable, if it exceeds certain income thresholds. Although the thresholds are subject to change and these figures haven\u2019t been indexed for inflation, the IRS has published the thresholds for the net investment income tax as:<\/p>\n<ul>\n<li>$250,000 for married couples who file together<\/li>\n<li>$250,000 for a widow or widower with a dependent child \u2014 so long as it\u2019s within two years since the spouse\u2019s passing<\/li>\n<li>$200,000 for a single individual<\/li>\n<li>$200,000 for the head of a household who keeps a home for a \u201cqualifying person,\u201d usually a child, a parent, or another qualifying relative<\/li>\n<li>$125,000 for each half of married couples who file separately<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_empty_space][vc_column_text]The NIIT Thresholds[\/vc_column_text][vc_empty_space height=&#8221;20px&#8221;][vc_column_text]Put into effect in 2013, the net investment income tax is set at 3.8 percent. Keep in mind that this is net income, so you always get to subtract your expenses, fees, and taxes already paid to arrive at the net sum. It only applies to individuals, trusts, and estates. This is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/wordpress-982206-3636506.cloudwaysapps.com\/wp-json\/wp\/v2\/pages\/2229"}],"collection":[{"href":"https:\/\/wordpress-982206-3636506.cloudwaysapps.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/wordpress-982206-3636506.cloudwaysapps.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/wordpress-982206-3636506.cloudwaysapps.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wordpress-982206-3636506.cloudwaysapps.com\/wp-json\/wp\/v2\/comments?post=2229"}],"version-history":[{"count":0,"href":"https:\/\/wordpress-982206-3636506.cloudwaysapps.com\/wp-json\/wp\/v2\/pages\/2229\/revisions"}],"wp:attachment":[{"href":"https:\/\/wordpress-982206-3636506.cloudwaysapps.com\/wp-json\/wp\/v2\/media?parent=2229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}