What is the tax rate for dividends and interest income?

The tax rate for dividends and interest income can vary depending on the type of income and the individual's tax bracket.

For qualified dividends, which are typically paid by U.S. corporations and certain foreign corporations, the tax rate can be 0%, 15%, or 20%, depending on the individual's tax bracket.

For nonqualified dividends and interest income, the tax rate is generally the same as the individual's ordinary income tax rate, which can range from 10% to 37%.

It's important to note that tax laws and rates can change over time, so it's always a good idea to consult with a tax professional or refer to the most current tax guidelines when reporting investment income on taxes.