Normally when you enter a Form 1099-DIV your dividends will appear on lines 3a and 3b of your Form 1040.
Dividends are taxed differently depending on what type they are.
You may have dividends that you don't pay federal income tax on. These are often referred to as tax-free dividends.
Ordinary dividends are taxed using the ordinary income tax brackets for tax year 2023.
Qualified dividend taxes are usually calculated using the capital gains tax rates. For 2023, qualified dividends may be taxed at 0% if your taxable income falls below the following income brackets:
- $44,625 for those filing single or married filing separately
- $59,750 for head of household filers
- $89,250 for married filing jointly or qualifying widow(er) filing status
Click here for "Is There a Dividend Tax?"
Clcik here for additional information on Form 1099-DIV.
Click here for "What is Form 1099-DIV?"
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