What is Net Investment Income Tax (NIIT) and Who Pays It? What is net investment income tax (NIIT)? The net investment income tax is a 3 8% tax you must pay if your modified adjusted gross income (MAGI) exceeds a certain threshold
Topic no. 559, Net investment income tax | Internal Revenue Service The NIIT applies to income from a trade or business that is (1) a passive activity, as determined under § 469, of the taxpayer; or (2) trading in financial instruments or commodities, as determined under § 475 (e) (2)
Net Investment Income Tax | Internal Revenue Service Form 8960 Instructions PDF provides details on how to figure the amount of investment income subject to the tax If an individual has too little withholding or fails to pay enough quarterly estimated taxes to also cover the Net Investment Income Tax, the individual may be subject to an estimated tax penalty
NIIT - Wikipedia NIIT was established in 1981 by Rajendra S Pawar and Vijay K Thadani, graduates from IIT [5] Delhi, with one million rupees NIIT conceived a franchising model in IT education for the very first time, setting up nine centers by 1987