Tips to sidestep the health care-funding surtax

Published Updated 2 Min Read

The election results virtually guarantee that key portions of health care legislation passed in 2010 will go into effect next year, as scheduled. Thus, many participants will face a 3.8% surtax on investment income.

This tax, designed to augment Medicare funding, may affect single taxpayers with modified adjusted gross income over $200,000 and married couples with MAGI over $250,000.

Donald Jay Korn

Donald Jay Korn is a contributing writer for Financial Planning in New York.


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