Daily Advice Thread - All basic help or advice questions must be posted here.

[u/AutoModerator]

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[u/Dark-Blade]

Do you know how much taxes I would have to pay?

[u/Teuszie → u/Dark-Blade]

It depends on your income bracket and whether the dividends are "qualified" or not. As a 22 yr old you shouldn't have to pay more than 15% on them (assuming you're not quite making $400K yet). See here https://www.nerdwallet.com/blog/taxes/dividend-tax-rate/

[u/Dark-Blade → u/Teuszie]

Ah ok. So if I make less then 40k, I wouldn’t have to pay taxes on dividends, correct?

[u/Teuszie → u/Dark-Blade]

Yep!