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Daily Archives: June 19, 2023

Reduce the impact of the 3.8% net investment income tax

For Individuals, TaxBy NBZ StaffJune 19, 2023

High-income taxpayers face a regular income tax rate of 35% or 37%. And they may also have to pay a 3.8% net investment income tax (NIIT) that’s imposed in addition to regular income tax. Fortunately, there are some ways you may be able to reduce its impact. Affected taxpayers The NIIT applies to you only…

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