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 maximum tuition and fees deduction in 2014 is $ 4000 $ 2000 or $ 0 depending on the amount of your magi see effect of the amount of your income on the amount of your deduction laterou can claim a tuition and fees deduction for qualified education expenses paid with the proceeds of a loan use the expenses to figure the deduction for the year in which the expenses are paid not the year in which the loan is repaid