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Do I have to pay an additional tax on investment income?

You might, depending on a few important factors.

A 3.8% net investment income tax is imposed on the unearned income of high-income individuals. The tax is applied to an amount equal to the lesser of:

  • Your net investment income
  • The amount of your modified adjusted gross income (basically, your adjusted gross income increased by an amount associated with any foreign earned income exclusion) that exceeds $200,000 ($250,000 if married filing a joint federal income tax return, and $125,000 if married filing a separate return)

So if you're single and have a MAGI of $250,000, consisting of $150,000 in earned income and $100,000 in net investment income, the 3.8% tax will only apply to $50,000 of your investment income.

Daemen’s New MSW Degree First One at Private WNY College

Daemen’s New MSW Degree First One at Private WNY College

Daemen College will begin offering courses next spring for a new master of social work (MSW) degree, which will include a concentration in the high-demand practice area of children and families, making it the first MSW program offered at a private college in Western New York.

The New York State Department of Education has granted approval for Daemen to offer the MSW degree that’s designed to provide advanced training for experienced professionals and students with a background in liberal arts who are looking to further or begin their education in the field.

Open Enrollment Season Is Here: Give Your Benefits a Check Up

Open enrollment season is your annual opportunity to review your employer-provided benefit options and make elections for the upcoming plan year. To get the most out of what your employer has to offer and potentially save some money, take time to read through the enrollment packets or information you receive before making any benefit decisions.

Review your health plan options

 Even if you're satisfied with your current health plan, compare your existing coverage to other plans your employer is offering for next year. Premiums, out-of-pocket costs, and benefits offered often change from one year to the next and vary among plans. You may decide to keep the plan you already have, but it doesn't hurt to consider your options.

Some tips for reviewing your health coverage:

Investor, Know Thyself: How Your Biases Can Affect Investment Decisions

Over the past few decades, a field has emerged that examines how human psychological factors influence economic and financial decisions. Understanding these biases may help you avoid questionable calls in the heat of the financial moment.

Traditional economic models are based on a simple premise: people make rational financial decisions that are designed to maximize their economic benefits. In reality, however, most humans don't make decisions based on a sterile analysis of the pros and cons. While most of us do think carefully about financial decisions, it is nearly impossible to completely disconnect from our "gut feelings," that nagging intuition that seems to have been deeply implanted in the recesses of our brain.

Saving or Investing: Is There a Difference?

The terms "saving" and "investing" may be used interchangeably, but understanding how they are different may help you in working toward financial goals for you and your family.

Financially speaking, the terms "saving" and "investing" are often used interchangeably. But the concepts behind these terms actually have some important differences. Understanding these differences and taking advantage of them may help you in working toward financial goals for you and your family.

Small Employers Should Check Out the Health Care Tax Credit

 

New and existing small employers who do not yet benefit from the Small Business Health Care Tax Credit should look into whether the credit can help them provide insurance to their employees.

For tax years beginning in 2014 and after, the maximum credit is 50 percent of premiums paid for small business employers, and 35 percent of premiums paid for tax-exempt small employers, such as charities.

Beginning in 2014, a small employer may qualify for the credit if:

East Aurora Native Launches New Lifestyle Website for Men

East Aurora Native Launches New Lifestyle Website for Men

 

Steven Helmicki, an anti-concussion advocate and president of Primordial Strength Inc., a private gym located in Elma, announces the launch of his latest project, a lifestyle website for men — primordialman.com.  

Primordialman.com is an affiliate of Schott NYC, a premier USA-based manufacturer of leather goods. The website also features high-quality products such as Chanel Platinum, Omega Watches, Boston Whaler, Gustin Jeans and others.