How Do Taxes Work For Dividends
· 30.06.2023 · 17:00:20 ··· ··· Friday ·· 5 (5)
Jack Murphy How Taxes Work for Dividends and Examples are written out to help visualize what you have to do when paying taxes for dividends.
Timestamps:
0:00 Intro
1:14 Qualified vs. Non-Qualified Dividends
3:06 Tax Rates For Qualified Dividends
4:27 Tax Rates For Non-Qualified Dividends
4:52 Where to find/ file Dividends taxes
5:52 Do Reinvested Dividends get taxed?
6:34 Tax Scenario 1
8:55 Tax Scenario 2
9:57 Final Words
Sources:
- https://www.irs.gov/pub/irs-news/ir-04-022.pdf
- https://thecollegeinvestor.com/23577/capital-gains-tax-brackets/
- https://www.investopedia.com/terms/q/qualifieddividend.asp#:~:text=The%20maximum%20tax%20rate%20for,%2C%20maxes%20out%20at%2037%25.
- https://www.fidelity.com/tax-information/tax-topics/qualified-dividends#:~:text=ex%2Ddividend%20date.-,Stock,before%20the%20ex%2Ddividend%20date.
*Disclaimer - I am not a tax Professional or a Financial advisor this video is for entertainment purposes only. Please use a tax professional, Tax software or the IRS website to help you do your personal taxes.
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