Tag: investment surtax

Help prepare clients for the ACA’s side effects
Insurance/Risk Management

Help prepare clients for the ACA’s side effects

In addition to health-care reform, the Affordable Care Act (ACA) will have an impact on clients’ investments, as they plan to cover health costs and prepare for the possibility of new tax liabilities. Chris Hennessey reviews the top concerns about the ACA for all types of clients. Surtax may hit high earners The ACA established

Health-care taxes take effect
Taxes

Health-care taxes take effect

New taxes took effect this year as a result of the 2010 health-care reform legislation that may have an impact on tax-planning strategies. As of January, the Medicare payroll tax increased to 2.35% from 1.45%. In addition, a 3.8% surtax on “net investment income” was also introduced to help fund health-care reform. Both taxes affect