by Madhuri Bhat | Jun 28, 2024 | Featured, Featured, Tax Filing Requirements, Tax Planning, Tax Planning
The Tax Cuts and Jobs Act (TCJA), passed in 2017, reshaped the U.S. tax system significantly, affecting numerous individual U.S. taxpayers. However, it’s essential to recognize that many of these changes weren’t permanent. Several TCJA provisions are...
by Madhuri Bhat | Dec 22, 2023 | Tax Filing Requirements, Tax Planning
What is the Net Investment Income Tax (NIIT) and when was it introduced? The Net Investment Income Tax (NIIT) is a surtax that the IRS applies in addition to regular income taxes. It applies to U.S. taxpayers with higher incomes who have certain types of passive...
