Retirees need to be strategic about their filing status to minimize the impact of the net investment income tax (NIIT). The NIIT, which is a 3.8% tax on certain types of investment income, affects those with higher income levels and was implemented in 2013. Key Considerations for Retirees: Action Steps: Choosing your filing status should … Continue reading Strategic Tax Planning for Retirees: Minimizing the Net Investment Income Tax (NIIT)