The Internal Revenue Service and the Treasury Department have issued a set of proposed regulations on the 3.8 percent Net Investment Income Tax that takes effect next year as a result of the health care reform law, along with a FAQ page with questions and answers.

The 3.8 percent Net Investment Income Tax applies to individuals, estates and trusts that have certain investment income above certain threshold amounts, the IRS noted. It takes effect on Jan. 1, 2013. The threshold amount is $250,000 for taxpayers who are married filing jointly, $125,000 for taxpayers who are married filing separately, $200,000 for single taxpayers, $200,000 for a head of household with a qualifying person, and $250,000 for a qualifying widow or widower with a dependent child.

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