Monthly Archives: 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 the hurtle rate will have a windfall transaction that pushes them above the AGI limit and triggers the tax.…

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