Net Investment Income Tax for US Expats: Who Pays 3.8%?
US expats generally owe the 3.8% Net Investment Income Tax (NIIT) if they have investment income and their modified adjusted gross income exceeds $200,000 for single filers or $250,000 for married couples filing jointly. The tax applies to the lesser of net investment income or income above the threshold and is calculated on Form 8960. […]
