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GeoPulse : Learn how to take control of your money with smart personal finance strategies, simple investing tips, and daily money hacks. In this video, we break down today’s financial news and give you practical steps to grow wealth, save smarter, and invest wisely.

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Transcript
00:00How are dividends taxed? There's a difference between qualified dividends and ordinary dividends.
00:06Most dividend stocks pay qualified dividends, which depending on your tax bracket are taxed
00:11at a rate of 0 to 20%. That range is significantly lower than the ordinary income tax rates of 10
00:18to 37% or more. And you can do a simple Google search to be able to find this information about
00:24any company or any ETF. And the way the taxes actually work is that at the end of the year,
00:29you'll receive a tax form from your investing platform that shows all of the gains that you
00:35made from any sales of any stocks. And then also any gain that you made from dividends from companies
00:40throughout the year. Then you just submit that form when you're doing your taxes that next April.
00:45And at that point, you'll have to pay whatever's due.
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