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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 8960
for the current year.
IRS Form 8960 Net Investment Income Tax Individuals, Estates, and Trusts
What Is IRS Form 8960?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 8960?
A: IRS Form 8960 is the Net Investment Income Tax form for individuals, estates, and trusts.
Q: Who needs to file IRS Form 8960?
A: Individuals, estates, and trusts who have net investment income and meet certain income thresholds need to file IRS Form 8960.
Q: What is net investment income?
A: Net investment income includes income from investments such as interest, dividends, capital gains, rental income, and certain passive activities.
Q: What are the income thresholds for filing IRS Form 8960?
A: For individuals, the threshold is $200,000 if filing as single or head of household, $250,000 if married filing jointly, or $125,000 if married filing separately. Estates and trusts have a lower threshold.
Q: What is the purpose of IRS Form 8960?
A: The purpose of IRS Form 8960 is to calculate and report the Net Investment Income Tax, which is an additional tax on certain types of investment income.
Q: When is IRS Form 8960 due?
A: IRS Form 8960 is generally due on the same day as your individual income tax return, which is April 15th, unless that falls on a weekend or holiday.
Q: Is IRS Form 8960 the same as Form 1040?
A: No, IRS Form 8960 is a separate form that is filed in addition to your Form 1040 if you meet the requirements for the Net Investment Income Tax.
Q: Are there any exemptions or exceptions to the Net Investment Income Tax?
A: Yes, certain types of income and individuals are exempt from the Net Investment Income Tax, so not everyone is required to file IRS Form 8960.
Q: Can I e-file IRS Form 8960?
A: Yes, you can e-file IRS Form 8960, either on its own or along with your individual income tax return, using approved tax software or a tax professional.
Form Details:
- A 1-page form available for download in PDF;
- Actual and valid for filing 2023 taxes;
- Editable, printable, and free;
- Fill out the form in our online filing application.
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