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GLENMONT (518) 461-1637 | GREENVILLE (518) 966-5088

Archive for the ‘Tax’ Category

15
Feb

The Net Investment Income Tax (NIIT) came into existence in 2013. The tax is imposed on high income earners in an effort to fund the Affordable Care Act. The NIIT is an additional 3.8% surtax on taxpayers whose income is greater than $250,000 for married filing jointly or $200,000 for single filers.  The additional tax […]

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