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.
tuition and fees deduction this is the last year for claiming up to $ 4000 in deductions for tuition and fees this benefit expired at the end of 2013 and has not been extended a deduction is less valuable than a tax credit which is why this is listed thirduition and fees deduction this is the last year for claiming up to $ 4000 in deductions for tuition and fees this benefit expired at the end of 2013 and has not been extended a deduction is less valuable than a tax credit which is why this is listed third