Home » Newsletter Article » Three Tax Changes for Investors in 2013

Three Tax Changes for Investors in 2013

Here are three important tax changes to be aware of this year.

  1. The top tax rate on ordinary income (including short-term capital gains) increases from 35% to 39.6% for single filers with taxable income above $400,000 and joint filers above $450,000.
  2. The maximum tax rate on long-term capital gains increases from 15% to 20% for investors in the top income tax bracket.
  3. A 3.8% surtax applies to the lesser of “net investment income” (NII) or the amount by which your modified adjusted gross income (MAGI) exceeds $200,000 for single filers and $250,000 for joint filers.

« Back to eNewsletter Archives

We’ve been with Glass & Company for a number of years now and I can’t imagine working with anyone else. Their team consistently provides invaluable accounting and consulting guidance and I have a great deal of confidence in the advice we receive. They are true professionals, have overwhelming knowledge of our industry and are readily available whenever we need them. ”

– Case Fischer, Fischer & Wieser Specialty Foods, Inc.

500 W. 5th Street, Suite 1210 Austin, TX 78701 • Phone: 512-480-8182 • Fax: 512-480-9465 • info@glasscpa.com