| | | | Investment PlanningMaximum tax on long-term capital gains
and qualified dividends| 0% rate applies (taxable income thresholds) | 2023 | 2024 |
|---|
| Single | Up to $44,625 | Up to $47,025 | | Married filing jointly | Up to $89,250 | Up to $94,050 | | Married filing separately | Up to $44,625 | Up to $47,025 | | Head of household | Up to $59,750 | Up to $63,000 |
| 15% rate applies (taxable income thresholds) | 2023 | 2024 |
|---|
| Single | $44,625 to $492,300 | $47,025 to $518,900 | | Married filing jointly | $89,250 to $553,850 | $94,050 to $583,750 | | Married filing separately | $44,625 to $276,900 | $47,025 to $291,850 | | Head of household | $59,750 to $523,050 | $63,000 to $551,350 |
| 20% rate applies (taxable income thresholds) | 2023 | 2024 |
|---|
| Single | Over $492,300 | Over $518,900 | | Married filing jointly | Over $553,850 | Over $583,750 | | Married filing separately | Over $276,900 | Over $291,850 | | Head of household | Over $523,050 | Over $551,350 |
Unearned income Medicare contribution tax
("net investment income tax")| Amount of tax | 2023 | 2024 |
|---|
| Tax percentage | 3.80% | 3.80% |
| Applies to lesser of (a) net investment income or (b) modified adjusted gross income exceeding: | 2023 | 2024 |
|---|
| Individuals | $200,000 | $200,000 | | Married filing jointly | $250,000 | $250,000 | | Married filing separately | $125,000 | $125,000 |
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| | | | | The information contained herein is based on sources believed to be reliable, but its accuracy cannot be guaranteed. The articles, information, calculators, and opinions presented herein are for general information only and are not intended to provide specific advice or recommendations for any individual. New Capital Management does not provide tax, accounting, or legal advice. All decisions regarding the tax or legal implications of your investments and finances should be made with your tax or legal advisor. New Capital Management is not a bank, mortgage lender, or broker. Nothing herein should be construed as an offer or commitment to lend. Any calculations are provided as educational tools, are hypothetical in nature, depend wholly on information you provide, do not assume the effects of all pertinent factors, and are not intended to provide investment advice or serve as a financial plan.
This communication is strictly intended for individuals residing in the state(s) of TX. No offers may be made or accepted from any resident outside the specific states referenced. | | Prepared by Broadridge Advisor Solutions Copyright 2024. |
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