Instructions: 2024 Form 1040

Capital gains and qualified dividends are taxed at 0%, 15%, or 20% depending on income. See Schedule D instructions.

Arthur had sold a tiny plot of inherited land in November. It hadn’t made him rich, but it had generated a 1099-INT form that looked suspiciously complicated. The form said the interest was over $1,500. He stared at Line 2b on his Form 1040. It was a small, empty box. 2024 form 1040 instructions

You must file a 2024 Form 1040 if your gross income is at least the amount shown in the table below. Higher thresholds apply for dependents (see Pub. 501). Capital gains and qualified dividends are taxed at