It doesn't matter if you report nontaxable income on your tax return; it won't be taxed. Answer and Explanation: Child Support Payment is a Non Taxable Income A parent (often the non-custodial parent) must pay the other parent's child support as pe...
Qualified dividends can be taxed at an adjusted capital gains tax rate. Capital gains tax rates apply to the return earned from investments that is outside of ordinary income rates. The capital gains tax rate is typically much higher than ordinary income tax rate. This is a dividend from ...