How are qualified dividends taxed in 2019? Please give the rates of tax which apply to...
How are qualified dividends taxed in 2019? Please give the rates of tax which apply to qualified dividends, and specify when each of these rates applies.
Homework Answers
Answer -
(1). Tax on Qualified Dividends -
Dividends that qualify for long-term capital gains tax rates are referred to as "qualified dividends."
Qualified dividends are taxed as Capital gains.
.
(2). Tax rates in 2019 for Qualified Dividends -
Qualified dividends are taxed at rates of 20%, 15% or 0% depending on tax bracket and taxpayer's filing status.
.
(3). Qualified dividends tax rates applies in the following situations -
| Qualified Dividends Tax Rate | Taxable income | |||
| Single filers | Married, filing jointly | Head of Household | Married, filing separately | |
| 0% | $0 to $39,375 | $0 to $78,750 | $0 to $52,750 | $0 to $39,375 |
| 15% | $39,376 to $434,550 | $78,751 to $488,850 | $52,751 to $461,700 | $39,376 to $244,425 |
| 20% | $434,551 or more | $488,851 or more | $461,701 or more | $244,426 or more |
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How are qualified dividends taxed in 2019? Please give the rates
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