VIEWpoint Issue 2 | 2022
Inflation Reduction Act: Highlights of Key Changes for You and Yo...
2022-2023 Tax Planning Guide
The answer: maybe. The following types of executive compensation could be subject to the health care act’s 0.9 percent additional Medicare tax:
And the following types of gains will be included in net investment income and could trigger or increase exposure to the act’s new 3.8 percent Medicare contribution tax:
Look to Doeren Mayhew’s tax advisors in Michigan, Houston or Ft. Lauderdale to help you determine the best strategy for your executive compensation. With smart timing, you may be able to reduce or avoid exposure to the expanded Medicare tax.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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