3.8% Net Investment Tax - This tax is equal to 3.8% of the lesser of: (1) Net Investment income or (2) the excess (if any) of
modified adjusted gross income over the threshold amount. This new tax is imposed when your Modified Adjusted Income exceeds:
Married
Filing Joint, Qualifying Widow(er) $ 250,000
Single, Head of Household
$ 200,000
Married Filing Separately
$ 125,000
If you have foreign earned income exclusion this adds to your Modified Adjusted Income
Additional .9% Medicare
Tax - ages and Self-Employment Income are subject to an additional .9% to the extent that they exceed the following thresholds:
Married
Filing Joint, Qualifying Widow(er) $ 250,000
Single, Head of Household
$ 200,000
Married Filing Separately
$ 125,000
Same-Sex Marriages - Effective 9/16/2013 individuals in a same-sex marriage will be treated as married for all federal
tax purposes, including income, gift and estate taxes. Same-sex marriages will be treated as married in any jurisdiction as long as
they were legally married in a jurisdiction.
39.6% is the top ordinary income tax rate for earners over $418,400(single),
$444,500(Head of Household), $470,700(married filing joint) and $235,350(married filing single).
Schedule A limitation
for medical changed to 10% regardless of age
Estate and Gift Tax - for individuals passing and subject to
estate tax or gifts made starting in 2014 the tax rate will be 40%
