Is Dividend Income Taxable?

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Is Dividend Income Taxable?

Gregory Hart, Haddonfield, New Jersey-based CFPHaddon Wealth Management, LLC

Dividend income, in general, is taxed. This assumes money is not distributed in a retirement account, such as an IRA, 401(k), or similar plan, in which case it is not taxable. Here are two frequent instances of taxable dividend income:

If you hold a stock, such as ExxonMobil, and get a quarterly dividend (whether in cash or reinvested), it is taxable dividend income.

For example, suppose you hold shares in a mutual fund that pays out dividends every month. These dividends would be taxable dividend income as well.

Both of these cases, once again, relate to dividends earned in non-retirement accounts.

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