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YOU MUST PAY TAXES
The dividend tax on ordinary dividends are the same as the regular federal income tax rates.
The federal income tax rates range from 10% to 37%
The exact dividend tax rate depends on what kind of dividends you have β ordinary (unqualified) or qualified.
The dividend tax on ordinary dividends are the same as the regular federal income tax rates.
The federal income tax rates range from 10% to 37%
The exact dividend tax rate depends on what kind of dividends you have β ordinary (unqualified) or qualified.
A dividend is qualified if you have held the stock for more than 60 days before the ex-dividend date.
Nonqualified dividends (ordinary), include dividends you may receive, including dividends on employee stock etc
Nonqualified dividends (ordinary), include dividends you may receive, including dividends on employee stock etc
Single filer with $90K income, you will fall in the 24% tax bracket for ordinary dividends.
While qualified dividends, are taxed at the capital gains rates.
*Avoid dividend taxes with a retirement account!
While qualified dividends, are taxed at the capital gains rates.
*Avoid dividend taxes with a retirement account!
