The current long term capital gains and qualified dividends tax is 0% up to the top of the 15% bracket, 15% after that, and then 20% or whatever if you make a whole lot of money. Interest is taxable at ordinary income tax rates.
If what I've read about the new tax plan is correct, all of the above items will be taxed at 1/2 your marginal income tax rate, correct? So 6% up to the top of the 12% bracket, etc for whatever the bracket you end up being in.
Can anyone confirm? I've got end of year tax planning to do and if tax on my EE bond interest is going to get slashed in half I might wait to cash them in and just harvest LTCG at 0% this year.
If what I've read about the new tax plan is correct, all of the above items will be taxed at 1/2 your marginal income tax rate, correct? So 6% up to the top of the 12% bracket, etc for whatever the bracket you end up being in.
Can anyone confirm? I've got end of year tax planning to do and if tax on my EE bond interest is going to get slashed in half I might wait to cash them in and just harvest LTCG at 0% this year.