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NIIT (Net Investment Income Tax)
Glossary · Tax Concepts
Definition
Net Investment Income Tax. An additional 3.8% tax on investment income for individuals above $200k MAGI ($250k MFJ).
If your MAGI is $300k (MFJ), the 3.8% applies to the lesser of your investment income or the $50k over the threshold.
Terms are defined in the context of how ArthaPilot uses them. For authoritative definitions, consult the SEC, IRS, or a qualified financial advisor.