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Level 4
December 5, 2023
Question

Anyone have trouble with Tax Plan calculating NIT correctly?

  • December 5, 2023
  • 1 reply
  • 5 views
2023 tax plan is calculating NIT very high compared to 2022.
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1 reply

Intuit Community Champion
December 6, 2023

Should be same as last year. the 3.8% net investment income tax applies to capital gains, interest, dividends, rents and more once your so-called modified adjusted gross income, or MAGI, exceeds certain thresholds, and I don't believe the thresholds are indexed for inflation.