Capital gains and qualified dividends for 2019 Hi TaxGuru,
Up to and including the 2017 tax year, my understanding was that for those taxpayers in the 10 and 15% tax brackets, long-term cap gains and qualified dividends were taxed at 0%. For married-filing-jointly, this typically meant that with a taxable income below $75,900, you would pay no tax on this income.
However, the new tax law that went into effect in 2018 changed the tax brackets. What is the new threshold of taxable income below which long-term capital gains and qualified dividends still enjoy 0% tax? |