KSWO brings you the latest local, state and national health news on MedWatch. During the evening broadcast, MedWatch reporter, Haley Wilson, informs you about new advances in medications, tests and procedures to diagnose and treat all types of illnesses.
If you are an individual who is exempt from Medicare taxes, you still may be subject to the Net Investment Income Tax if you have Net Investment Income and also have modified adjusted gross income over the applicable thresholds.
Here are four facts from the IRS that will help parents determine whether their childâs investment income will be taxed at the parentsâ rate or the childâs rate. Life events have a significant tax impact. Organized by type of life event this page provides resources that explain the tax impacts of each.