Section 1411 of the IRS Code imposes the Net Investment Income Tax (NIIT). Find answers to questions about how the code may affect your taxes.
If you don’t know what Net Investment Income Tax (NIIT) is, you’re not alone. This relatively new tax began a little over a decade ago but the number of taxpayers subject to the tax has increased.
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Net investment income tax (NIIT) is a surtax on investment income for certain high earners. Single filers with a modified adjusted gross income (MAGI) over $200,000 and those married filing jointly with a MAGI over $250,000 could be subject to this surtax.
NIIT was established in 1981 by Rajendra S. Pawar and Vijay K. Thadani, graduates from IIT [5] Delhi, with one million rupees. NIIT conceived a franchising model in IT education for the very first time, setting up nine centers by 1987.
NIIT University stands among the best universities in India, offering innovative education and shaping future-ready global professionals.
The net investment income tax (NIIT) is a surtax on high amounts of investment income. Our guide covers its rates, thresholds and other rules.
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