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re: What's a qualified dividend and is there really no tax on it?

Posted on 2/12/24 at 6:22 am to
Posted by Stateguy
Baton Rouge
Member since Dec 2006
890 posts
Posted on 2/12/24 at 6:22 am to
Certainly others are going to give a more knowledgable answer than I do

Dividends are taxed at cap gains rate after owning for some period (?90 days?)

There is some amount of cap gains/qual dividends that you don't pay taxes on if that is your only income. Combine that with standard deduction and you can have fair amount of income if these are your ONLY income and not be taxed.

I did not think it was $120k but maybe

It is misleading at best or outright lie (to get views or make some inequality point I assume) to say that there are no taxes on qualified dividends.

ETA
Further down in thread
quote:


josh.paiva
MFJ 0-94,050 is 0% LTCG rate, plus standard deduction. OP is technically correct, if that is the only source of income, it would all be taxed at zero percent.
This post was edited on 2/12/24 at 6:25 am
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