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Ask A CPA - 2016 Tax Law Changes

2016 - 20% Top Rate On Capital Gains And Dividends

The 20% top rate on Capital Gains and dividends starts at a higher amount in 2016. Single taxpayers with taxable income above $415,050, head of household over $441,000 and joint filers above $466,950. The 15% maximum rate applies to filers below these amounts except for filers in the 10% or 15% income bracket who still get the special 0% rate. For 2015 the 20% top rate on Capital Gains and dividends were, Single taxpayers with taxable income above $413,200, head of household over $439,000 and joint filers above $464,850.

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