Dividend Tax Rate 2020: Find Out What You’ll Owe

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Dividends aren’t free money — they’re usually taxable income. But how and when you own an investment that pays them can dramatically change the dividend tax rate you pay. There are many exceptions and unusual scenarios with special rules — see IRS Publication 550 for the details — but here’s generally how dividend tax works.

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Original Article Source Credits:  NerdWallet , https://www.nerdwallet.com/

Article Written By : TINA OREM

Original Article Posted on : June 9, 2020

Link to Original Article:  https://www.nerdwallet.com/blog/taxes/dividend-tax-rate/?trk=tax_sidebar_link