Many Taxpayers Will Pay No Tax on Long-Term Gains and Dividends

August 10, 2018
Long-term gains

Under the new tax law, some individuals will still qualify for the 0% federal income tax rate on long-term capital gains and dividends.

Do you have long-term capital gains or qualified dividends? If so, there’s good news: After the Tax Cuts and Jobs Act (TCJA), you might still qualify for the 0% federal income tax rate on these types of income. The rate is only available for those with relatively low income. But, if your income is too high to benefit, your children, grandchildren or other loved ones may still be eligible for the tax savings. Here are the details. Read more