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The Medicare surtax vs. the kiddie tax

One of the most annoying parts of the latest round of estate tax changes is the 3.8 percent Medicare surtax, enacted as part of the Affordable Care Act (or ObamaCare) and taking effect last year. For trusts and estates, the 3.8 percent surtax is imposed on the excess of adjusted gross income over the dollar amount at which the highest trust/estate income tax bracket begins, or undistributed net investment income (NII), whichever is less. For 2014, the highest tax bracket is reached when a trust or estate reaches $12,150. Obviously, that’s not a very high number, so the surtax applies to an awful lot of trusts and estates...Read More


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