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The process of computing qualified dividends and capital gain tax using the Qualified Dividends and Capital Gain Tax Worksheet, including annualizing quarterly income and applying preferential tax brackets.
Taxpayers should begin work by reading their Adjusted Gross Income (AGI), which is shown on Line 11 of Form 1040; that figure is the baseline before any “senior bonus” or other MAGI add‑backs are appl...
Computing the Qualified Dividends and Capital Gain Tax Worksheet when income is reported as an annualized quarterly amount means first converting that quarter’s receipts to an annualized taxable-incom...
The long‑term capital gains and qualified dividend tax rates for the 2025 tax year are tiered at 0%, 15% and 20%; the taxable‑income cutoffs that determine which rate applies depend on filing status a...