Walter Smith, CPA
Shareholder, Tax Services
Director, Real Estate Services
          with contributions from Madalina Dobra, CPA

No kidding! For some taxpayers, their long-term capital gains and dividends will be taxed at a zero-percent rate for federal income tax purposes, beginning this year. That translates to a ten- or fifteen-percent rate cut.

The new lower rate applies only to noncorporate taxpayers, and the amount of income taxed at the zero-percent rate depends on the taxpayer's taxable income and filing status, as well as the total amount of long-term capital gains and dividends.

Click Full Article to learn more about the new zero-percent rate for capital gain and dividend income.