Wednesday, December 05, 2012

NEW MEDICARE TAX ON INVESTMENT INCOME

The IRS has issued information answering common questions about the new 3.8% Medicare tax on investment income. If you are married and have combined gross income of less than $250,000, or are single with less than $200,000, this tax does not apply to you. If you exceed these amounts, this page will be useful in understanding how this new tax will affect you.