Is it true that regardless of total taxable income reported on a Married Filing Joint Form 1040, I still get the benefit of the graduated rates?
0% on $94,300
15% on the next $489,450
20% on the amounts over $583,750
Thanks
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yes. but how the rates are applied depends in part on your other taxable income. review the tax calculation on the qualified dividend and long-term capital gain worksheet. other income can push these into higher brackets.
yes. but how the rates are applied depends in part on your other taxable income. review the tax calculation on the qualified dividend and long-term capital gain worksheet. other income can push these into higher brackets.
Thanks for the help.
I let CoPilot take me down the wrong path on this one!
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