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Investors & landlords
@huerta529 wrote:
In theory my much would i pay if it was all taxable would it depend on my tax bracket. I dont want to pay over 50% or up. I'll make 50,000 to 60,000 this year
There is no way you are going to pay over 50% in taxes on income of $50,000 - $60,000 plus $1,200 in dividend income (the tax brackets do not even reach that level).
Regardless, your tax liability will also depend upon your deductions (if you take the standard deduction, then it will depend upon your filing status).
You can use TaxCaster to get an idea of your tax liability with your earnings plus dividend income.
See https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
‎September 24, 2019
8:45 AM