Personal Taxes

Avoiding Taxes on Qualified Dividends

I am expecting to receive a multimillion dollar Qualified Dividend in a couple of months from a Private Corporation. My projected Taxable Income for 2023 without Interest Income earned from the Qualified Dividend is projected to be under the minimum threshold of $41,625 that would exempt me from any tax liability on Qualified Dividends. If I am able to defer Interest payments on Qualified Dividend until 2024 am I safe to say that I will have Zero Tax Liability with regards to the Qualified Dividend?

Share This Answer

Looking For More?

View all Personal Taxes Questions

View More Questions