So you'd end up paying 1.45% on the first $200,000 and 2.35% on the rest. The 0.9% Medicare surtax is a recent change and is intended to help pay for health reform. Investment income taxes: Capital gains, dividends and interest represent unearned income..
The tuition and fees deduction sounds good on the surface; it offers up to a $4,000 deduction. This option is open even if you donât itemize deductions. But since the deduction is for the taxpayer, not the student, it may not be the most beneficial for taxpayers with more than one student in the family.
overview the tuition and fees deduction expired at the end of 2014 it allows you to deduct up to $ 4000 from your income for qualifying tuition expenses paid for you your spouse or your dependentsou can deduct qualifying expenses paid in the tax year for education during in the year or education that begins during the year or education that begins during the first three months of the following year