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.
The tuition and fees deduction lets you write off up to $4,000 per year in qualified education expenses if you're eligible. It might not sound like much, but if you're in the 35 percent tax bracket, that's $1,400 extra off your final bill.equirments for Students. The same rules go for a student wanting to claim the tuition and fees deduction. If your parents can't claim you as a dependent and you pay the expenses, you're in the clear to deduct the costs you pay out of pocket.