@asm_ahsan agreeing with my colleague @VolvoGirl , the figures you are quoting are for Qualified Dividend not ordinary dividend ( which would be per your marginal tax bracket ).
Is this what you meant ? See here: from --> Is There a Dividend Tax? Your Guide to Taxes on Dividends - TurboTax Tax Tips & Videos
What are the 2024 tax rates for dividends in different tax brackets?
Ordinary dividends are taxed using the ordinary income tax brackets for tax year 2024
Qualified dividend taxes are usually calculated using the capital gains tax rates. For 2024, qualified dividends may be taxed at 0% if your taxable income falls below:
- $47,025 for those filing Single or Married Filing Separately
- $63,000 for Head of Household filers
- $94,050 for Married Filing Jointly or Qualifying Surviving Spouse filing status
The qualified dividend tax rate increases to 15% for taxable income:
- $47,026 through $518,900 for Single Filers
- $47,026 through $291,850 for Married Filing Separately filers
- $63,001 through $551,350 for Head of Household filers
- $94,051 through $583,750 for Married Filing Jointly or Qualifying Surviving Spouse filers
Qualified dividend income above the upper limits of the 15% bracket requires paying a 20% tax rate on any remaining qualified dividend income. Depending on your specific tax situation, qualified dividends may also be subject to the 3.8% Net Investment Income Tax.
