Niit Tax Threshold 2024. This article aims to provide a comprehensive understanding of the niit and offer strategic solutions to minimize it. Congress is eyeing tax changes for 2024 — the tax letter the tax letter lawmakers will negotiate a raft of potential tax changes when congress returns in january.
As of 2024, the niit continues to levy a 3.8% tax on investment income when adjusted gross income exceeds certain thresholds. Beginning on line 56, “other taxes,” including the niit (reported on line 60), are reported.