Did you know? The tax and financial planning department at Clearstead analyzes your net investment income sources and has strategies to minimize your net investment income tax liability.
The Net Investment Income Tax (NIIT) is an additional 3.8% tax on a broad range of net investment income from sources such as interest, dividends, certain annuities, royalties, rents (unless from a non-passive trade or business), income from a passive activity, and net gains from the distribution of property (other than property from a non-passive trade or business).
It affects individuals, estates, and trusts above certain income levels. Taxpayers are subject to NIIT if their modified adjusted income exceeds:
- $250,000 for married filing jointly or qualifying widow(er)
- $125,000 for married filing separately
- $200,000 in all other cases
YOUR FUTURE IN FOCUS
At Clearstead, we create integrated, prudent, and custom strategies that bring clarity to you or your organization’s financial future.
Clearstead is an independent financial advisory firm serving wealthy families and leading institutions across the country. As a fiduciary, it provides wealth management services and investment consulting to help clients meet their financial objectives, achieve their aspirations, and build stronger futures.
1100 Superior Avenue East
Suite 700 | Cleveland, Ohio 44114