Blog Posts
Estate Tax (Form 706)
Concise Takeaway Federal transfer taxes apply to certain lifetime gifts, property owned at death, and transfers to younger generations. Most estates owe no estate tax because the applicable exclusion is very high, but Form 706 is required when the estate exceeds the...
Tax on Unearned Income of Certain Children (Kiddie Tax)
Concise Takeaway When a child has more than $2,700 of unearned income in 2025, part of that income...
Additional Taxes on Tax‑Favored Accounts
Concise Takeaway Tax‑favored accounts receive special tax benefits, but excess contributions,...
Taxes for Household Employees
Concise Takeaway A household employee exists when a taxpayer hires someone to perform household...
Additional Medicare Tax
Concise Takeaway The Additional Medicare Tax is a 0.9% tax on high‑income earners. It applies to...
Self‑Employment Tax (SE Tax)
Concise Takeaway Self‑employment tax is the Social Security and Medicare tax paid by individuals...
Net Investment Income Tax (NIIT)
Concise Takeaway NIIT is a 3.8% tax on net investment income for individuals, estates, and certain...
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