Vanessa A
Expert Alumni

Deductions & credits

"It appears that both Qualified Dividends and Long Term Capital gains up to $83,351

are taxed at 0% as below. Correct ?" If your taxable income is less than $83,351 and you are married filing a joint return, then yes, most long term capital gains and qualified dividends are taxed at 0%.  However, some things like collectibles do not get this special tax treatment.

 

Also, if your total taxable income is greater than $83,351 for MFJ, then you would be taxed at either 15% or 20%.  It is not about the amount of your capital gains, it is based on your taxable income. 

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