3 Dividend Investing Tips That Could Earn You Thousands

For the 2020 tax year, single filers will pay 15% tax on qualified dividends if taxable income falls between $40,000 and $441,450 ($80,000 to $496,600 for joint filers). If taxable income is below that amount, dividends are free and clear -- but above those income limits, Uncle Sam gets a 20% cut. This can be incredibly handy info when planning out an investment strategy and deciding what type of account to invest in, like a taxable account versus a Traditional IRA.