3.8% Surtax on Investment Income - Calculation Formula
Answer:
The 3.8% tax on Investment income will fall on individuals with an (AGI) adjusted gross income above $200,000 and couples filing a joint tax return with more than $250,000 AGI.
The calculation will be the LESSER of the Investment income amount OR the Excess of AGI over the $200,000 or $250,000 thresholds.
The calculation will be the LESSER of the Investment income amount OR the Excess of AGI over the $200,000 or $250,000 thresholds.
