On one of my 1099-DIV statements, the Total Ordinary Dividends and the Qualified Dividends are the same amount (line 1a=1b). Can I assume when I enter those into TurboTax, my taxes should only increase by 20% of the taxable amount? It is going up 23.797% I thought the amount for Qualified Dividends was capped at 20%. I there threshold that I am beyond or another reason? Thank you very much in advance.
