This post may contain affiliate links which may compensate us based on your interaction. Please read the disclosures for more information.
A little-known tax is quietly affecting more Americans. Could you be its next unsuspecting victim? Tikhonova Yana / Shutterstock.com
A growing number of Americans are finding themselves unexpectedly ensnared in the net investment income tax, or NIIT. This tax emerged during the Obama administration and is intended to help fund the health care insurance reforms enacted into law by the Affordable Care Act of 2010, often called “Obamacare.” When the NIIT was created, it applied to those with adjusted gross income (AGI) of more…
More from my site
7 Smart Habits of Minimalists You Should Try
Is a 2% Mortgage Rate Really Possible? This Startup Thinks So
These Printers Won’t Cost You a Fortune in Ink
Here’s What to Do if You’re Still Struggling Financially Even as Inflation Is Getting Better
6 Accounts You Should Follow to Find the Best Deals at Costco
4 Financial Moves to Make After Getting Your First Job After College
