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GOBankingRates
GOBankingRates
J. Arky

I’m a Tax Specialist: The NIIT Rule High Earners Overlook Until It’s Too Late

Bill Harris GOBankingRates IRS
Avosb / Getty Images/iStockphoto

According to the IRS, the Net Investment Income Tax (NIIT) applies at a rate of 3.8% to certain net investment income of individuals, estates and trusts with earnings higher than the statutory threshold amounts.

If you are a high-earning individual, you need to be careful not to overlook a certain NIIT rule or it could be a potential issue later. GOBankingRates spoke with tax specialist, Bill Harris, founder and CEO of Evergreen Wealth, about all the in’s and out’s with this NIIT rule that large income earners should pay attention to sooner rather than later. Find what he shared below.

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