Month: September 2017

Using charitable giving to reducing the Medicare 3.8% surtax

Most taxpayers do not fall into the 3.8% Medicare surtax which is assessed on net investment income when the taxpayer has an adjusted gross income of over $200,000 for singles and $250,000 for married filing jointly. Net investment income includes interest, dividends, capital gains and certain passive investment income. Occasionally a taxpayer with income below… Read more »