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1611 S. Greenwood Avenue, Fort Smith, AR 72901

Tax rates on long-term capital gains and qualified dividends do not change.  Congress decided to set income thresholds instead of using tax brackets as in the past.  The 0% rate will continue to apply for taxpayers with taxable income under $38,600 on single-filed returns and $77,200 on joint returns.  The 20% rates starts at $425,800 for singles and $479,000 for joint filers.  The 15% rate applies for filers with incomes between those break points.  The 3.8% surtax on net investment income remains, kicking in for single people with modified AGI over $200,000 and $250,000 for joint.