Investment Planning

Maximum tax on long-term capital gains and qualified dividends

0% rate applies (taxable income thresholds)	2019	2020
Single	Up to $39,375	Up to $40,000
Married filing jointly	Up to $78,750	Up to $80,000
Married filing separately	Up to $39,375	Up to $40,000
Head of household	Up to $52,750	Up to $53,600

15% rate applies (taxable income thresholds)	2019	2020
Single	$39,376 to $434,550	$40,000 to $441,450
Married filing jointly	$78,751 to $488,850	$80,000 to $496,600
Married filing separately	$39,376 to $244,425	$40,000 to $248,300
Head of household	$52,751 to $461,700	$53,600 to $469,050

20% rate applies (taxable income thresholds)	2019	2020
Single	Over $434,550	Over $441,450
Married filing jointly	Over $488,850	Over $496,600
Married filing separately	Over $244,425	Over $248,300
Head of household	Over $461,700	Over $469,050

Unearned income Medicare contribution tax ("net investment income tax")

Amount of tax	2019	2020
Tax percentage	3.80%	3.80%

Applies to lesser of (a) net investment income or (b) modified adjusted gross income exceeding:	2019	2020
Individuals	$200,000	$200,000
Married filing jointly	$250,000	$250,000
Married filing separately	$125,000	$125,000

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IMPORTANT DISCLOSURES

Philippe E Berthoud and William E. Riquier offer Securities and Advisory Services through United Planners Financial Services, Member FINRA/SIPC. United Planners and The Retirement Financial Center are independent companies.

Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, legal, or retirement advice or recommendations. The information presented here is not specific to any individual's personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

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