| | | | | Investment PlanningMaximum tax on long-term capital gains
and qualified dividends0% rate applies (taxable income thresholds) | 2023 | 2024 |
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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 |
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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 |
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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 |
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Tax percentage | 3.80% | 3.80% |
Applies to lesser of (a) net investment income or (b) modified adjusted gross income exceeding: | 2023 | 2024 |
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Individuals | $200,000 | $200,000 | Married filing jointly | $250,000 | $250,000 | Married filing separately | $125,000 | $125,000 |
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Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
The information provided is not intended to be a substitute for specific individualized tax planning or legal advice. We suggest that you consult with a qualified tax or legal professional.
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This communication is strictly intended for individuals residing in the state(s) of AZ, CA, CO, FL, ID, ME, MT, NV, OR, TN, TX and WI. No offers may be made or accepted from any resident outside the specific states referenced. | Prepared by Broadridge Advisor Solutions Copyright 2024. | | |