One of the great things about my last 13 years with The H Group has been the opportunities I’ve had to work with some of the finest minds in the business. All of our advisors bring their own strengths to the mix here and it’s that combined synergy that helps all of us help our clients in the best way possible.
So in that vein I’m incorporating a link to a recent article written by Ron Kelemen down in our Salem office. As many of you know this year there are a lot of big tax changes. In addition to the last minute Fiscal Cliff deal, two taxes may affect some of our readers in a big way. They are known as the Net Investment Income Tax, which is a 3.8% surtax on unearned income to help pay for the Affordable Care Act. The other is commonly known as the Additional Medicare Tax, which is an additional 0.9% Medicare tax that will be levied on wages. So here is Ron’s brief description and 10 suggestions to help cope with these new taxes.