Qualified Dividends Tax Worksheet – Fill Out and Use This PDF

Qualified Dividends Tax Worksheet PDF Details

The Qualified Dividends and Capital Gain Tax Worksheet is the IRS worksheet for line 16 of Form 1040 or 1040-SR, marked Keep for Your Records. It figures the tax on taxable income when part of that income is qualified dividends or capital gain. Before starting, you complete Form 1040 or 1040-SR through line 15; if you do not have to file Schedule D and received capital gain distributions, the box on line 7b must be checked. Line 1 takes the amount from line 15 (or from the Foreign Earned Income Tax Worksheet for Form 2555 filers), line 2 takes qualified dividends from line 3a, and line 3 takes the Schedule D amount or the line 7a figure. Lines 4 through 21 split the income into the portions taxed at 0%, 15% and 20%, and lines 22 through 24 figure the regular tax with the Tax Table or the Tax Computation Worksheet. Line 25, the tax on all taxable income, goes on Form 1040 or 1040-SR, line 16.