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Ask A CPA - Tax Law changes - 2013

3.8% Surtax On Investment Income - Calculation Formula

The 3.8% tax on Investment income will fall on individuals with an (AGI) adjusted gross income above $200,000 and couples filing a joint tax return with more than $250,000 AGI. The calculation will be the LESSER of the Investment income amount OR the Excess of AGI over the $200,000 or $250,000 thresholds.

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