High-Income Taxpayers

Navigate the unique tax challenges faced by high-income earners with our comprehensive guide. This resource covers the impact of higher federal tax rates, phaseouts of deductions and credits, and special taxes like the Net Investment Income Tax. Ideal for taxpayers seeking to optimize their tax strategies and minimize liabilities.

Highlights:

• Capital Gain Tax Rates: Overview of tax rates for long-term capital gains and qualified dividends.

• Deductions and Credits Phaseouts: Details on the phaseout thresholds for itemized deductions, personal exemptions, and other credits.

• Additional Medicare Tax: Information on the additional 0.9% Medicare tax on earned income and 3.8% tax on net investment income.

• Retirement Contribution Limits: Updated limits for IRA contributions and phaseouts for high-income taxpayers.

• Estate and Gift Tax Exclusions: Current exclusion amounts for estate and gift taxes.