Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

progree

(11,463 posts)

1. Long term capital gains too are treated the same way, subject to the same thresholds

Reply to question everything (Original post)

Tue Jan 29, 2019, 11:55 PM

Jan 2019

0% rate up to $77,200 for Marrieds Filing Jointly (MFJ), the 15%. Pretty sure the dollar threshold is half that amount for singles.

Used to be tied to the top of the ordinary 15% tax bracket (i.e. 0% LTCG and qualified dividend rate for those in the 10% and 15% ordinary tax brackets, then 15% (20% for very high income). Now it isn't coincident with the top of the 15% (now 12%) ordinary tax bracket, which tops out at $77,400, rather than $77,200 for MFJ.

Very fucking strange. At least that's what I'm reading the AAII Journal guide to 2018 and 2019 taxes (December issue) -- they make mistakes sometimes.

We will all be out of our minds before this is all over with.

Edit history

Please sign in to view edit histories.

6 replies

= new reply since forum marked as read

Highlight:

If you are using the Qualified Dividends schedule [View all] question everything Jan 2019 OP

Long term capital gains too are treated the same way, subject to the same thresholds progree Jan 2019 #1

You guys ever hear of Turbotax ? rickford66 Jan 2019 #2

I will be using it for the first time this year. For the past 35 years I used a tax preparer progree Jan 2019 #3

Love TurboTax, I think it cheats in our favor in secret ways, lol. Croney Jan 2019 #5

Of course. Have been using it for years question everything Jan 2019 #6

I use an accountant. PoindexterOglethorpe Jan 2019 #4