Passive Income Tax Rate 2024. Recto pushes for new tax rates on passive income. Learn the difference between active and passive income below, plus 25 passive income ideas for 2024, and how much you can expect to make from each.
Under the proposal, the interest income tax will be harmonized at 20 percent, while royalties will be maintained according to the existing tax code until. Passive income is often taxed at the same rate as salaries received from a job, but youโll want to work with a tax pro to get a full view into your entire financial.