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The trap is if your income exceeds these amounts by just $1 you fall off a cliff for ALL of your 0% tax capital gains & qualified dividends; the capital gains/qualified dividends tax reverts to 15%. In other words its not just the excess but the ENTIRE capital gains/qualified dividend becomes taxable @15%.

That doesn't sound correct to me. I'm not a tax expert, but as I understood it, only the amount over the $80,800 (married, filing jointly) limit is taxed at 15%. Then anything over $501,601 is taxed at 20%.

Am I wrong?

Jim
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