YOU MUST PAY TAXES
The dividend tax on ordinary dividends are the same as the regular federal income tax rates.
The federal income tax rates range from 10% to 37%
The exact dividend tax rate depends on what kind of dividends you have β ordinary (unqualified) or qualified.
The dividend tax on ordinary dividends are the same as the regular federal income tax rates.
The federal income tax rates range from 10% to 37%
The exact dividend tax rate depends on what kind of dividends you have β ordinary (unqualified) or qualified.
A dividend is qualified if you have held the stock for more than 60 days before the ex-dividend date.
Nonqualified dividends (ordinary), include dividends you may receive, including dividends on employee stock etc
Nonqualified dividends (ordinary), include dividends you may receive, including dividends on employee stock etc