Client Login

Don’t Forget the 0% Rate on Long-term Capital Gains and Dividends

If your income other than gains and dividends is in the 10% or 15% bracket, profits on sales of assets owned for over a year and dividends are tax free until they push you into the 25% bracket. That bracket starts at $72,500 of taxable income for couples and $36,250 for singles. The balance of your long-term gains and dividends is taxed at 15% or possibly 20%. If part of your gains and dividends is taxed in the 0% bracket and the balance is taxed at a higher rate, claiming additional itemized deduction or making a deductible IRA pay-in give you two tax breaks: The income tax savings from the deduction. Plus, more gains and dividends will be taxed at the 0% rate.

(Kiplinger 9-27-13)

Industry News

Read All Articles

January 8, 2016

Questions?

Do you have a question or need more information about our services? Complete the form below, and we'll be in touch with you.

Saunders Nydegger, PC

286 N. Gateway Dr. Ste. 202
Providence, UT 84332

435-752-9700

swacpa.com

© Saunders Nydegger, PC.
Se Habla Espanol