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My qualified dividends were taxed at 25%, same as regular income. Why is that?
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posted
June 5, 2019
4:48 PM
last updated
June 05, 2019
4:48 PM
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My qualified dividends were taxed at 25%, same as regular income. Why is that?
Dividend income can also prompt the Additional Medicare Tax.
This tax is in addition to any income tax you may owe on the dividends. If you're single with a modified adjusted gross income of $200,000 or more, or if you're married and your MAGI is more than $250,000, you must pay an additional 3.8 percent of your net investment income toward Medicare tax. All taxable dividends are considered investment income, even if they're taxed at ordinary rates.
June 5, 2019
4:48 PM
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