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3.8% Surtax on Unearned Income

2018 – 10/10 Higher-income earners must be wary of the 3.8% surtax on unearned income. The surtax is 3.8% of the lesser of net investment income (NII) or the excess of modified adjusted gross income (MAGI) over a threshold amount. As year end nears, your approach to minimizing or eliminating the 3.8% surtax will depend on your estimated MAGI and NII for 2018. Some taxpayers should consider ways to minimize NII for the rest of the year. Others should see if they can reduce MAGI other than NII, or consider ways to minimize both NII and other types of MAGI. Contact us at 972-231-2503.

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