The new 3.8% surtax on unearned income that took effect on January 1 2013 applies to individuals with Modified Adjusted Gross income (MAGI) in excess of $200000 and couples with MAGI in excess of $250000. Of course the tax tail should never wag the dog but here are some strategies that might help you minimize the tax bite:
Tax Planning
The Medicare Surtax
Submitted by Bernhardt Wealth Management on January 2nd, 2012It may have seemed a ways off when this provision was first introduced into the tax code but starting in 2013 couples filing jointly with more than $250000 of Modified Adjusted Gross Income (MAGI) ($200000 for single filers) will owe a 3.8% Medicare tax on the lesser of net investment income—including interest dividends capital gains annuities rents and royalt
Savvy Mutual Fund Tax Moves
Submitted by Bernhardt Wealth Management on December 26th, 2011Year-end is always hectic but it’s well worth taking the time to consider a few investment moves that could have positive tax ramifications.
