What individuals are subject to the Net Investment Income Tax?
Answer:
Individuals will owe the tax if they have Net Investment Income and also have modified adjusted gross income over the following thresholds:
Married Filing Jointly $250,000
Single, Head of Household or Qualifying Widower $200,000
Married Filing Separately $125,000
Married Filing Jointly $250,000
Single, Head of Household or Qualifying Widower $200,000
Married Filing Separately $125,000
Interested in more Medicare Tax Additional Questions?
- When does Additional Medicare Tax start?
- What individuals are subject to the Net Investment Income Tax?
- What wages are subject to Additional Medicare Tax?
- What Railroad Retirement Tax Act (RRTA) compensation is subject to Additional Medicare Tax?
- Will Additional Medicare Tax be withheld from an individual's wages?