While the Net Investment Income Tax (NIIT) tends to affect wealthier individuals most often, in certain circumstances, it can also affect moderate-income taxpayers whose income increases significantly in a given tax year. Here’s what you need to know.
Click on the links below to jump to each section in this article: Tax Credits for Electric Vehicles and Plug-in Hybrids Special Tax Rules for Children With Investment Income Claiming the Credit for Other Dependents Unemployment Benefits Identity Theft Scam Alert There's Still Time To Make an IRA Contribution for 2020 Tax Credits for Electric Vehicles and Plug-in Hybrids Tax credits are still available for Qualified Plug-in Electric Drive Motor Vehicles, including passenger vehicles and...
