QUALIFIED DIVIDENDS
I have a client with a huge income of QUALIFIED DIVIDENDS. Is it true this goes away this year? Will not be allowed for 09/ jg
I have a client with a huge income of QUALIFIED DIVIDENDS. Is it true this goes away this year? Will not be allowed for 09/ jg
Permalink Submitted by Alan Spross on Tue, 2008-07-29 21:46
No, the 15% max rate for qualified dividends and LT gains does not expire until the end of 2010. This also applies to the -0- rate for such income in the 15% or lower bracket.
That said, Congress could change this as early as next year depending on how the election plays out. Obama has indicated a desire to raise the rates but has not been specific regarding an income threshold.