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For assets held for more than a year, the long-term capital gains tax rate for tax year 2024 ranges from 0% to 28%, depending on your filing status, income and asset type, and few people qualify ...
The long-term capital gains tax rates are 0 percent, 15 percent and 20 percent, depending on your income. ... Long-term capital gains tax rates for the 2024 tax year — by filing status. Single ...
The lower rate on long-term capital gains, compared to the rate on ordinary income, is regarded by the political left, such as Sen. Bernie Sanders, as a "tax break" that excuses investors from paying their "fair share", [19] [25] or a "tax expenditure" that government could elect to stop spending. [26]
September 4, 2024 at 1:45 PM. ... The current long-term capital gains tax rate – 20%, plus an additional 3.8% tax on higher earners – is paid when an investment is sold, or gains are realized. ...
The tax rate for individuals on "long-term capital gains", which are gains on assets that have been held for over one year before being sold, is lower than the ordinary income tax rate, and in some tax brackets there is no tax due on such gains. The tax rate on long-term gains was reduced in 1997 via the Taxpayer Relief Act of 1997 from 28% to ...
Long-term capital gains tax rates for the 2023 tax year. FILING STATUS. 0% RATE. 15% RATE. 20% RATE. ... you can earn taxable income of up to $44,625 in 2023 and qualify for the 0 percent rate ...
March 18, 2024 at 11:08 AM. ... you will qualify for long-term capital gains tax rates. Most long-term capital gains will see a tax rate of no more than 15%, though certain assets (like coins and ...
Special rates apply for long-term capital gains on assets owned for over a year. ... For the 2024 tax year, you are not subject to capital gains taxes if your taxable income is $47,025 or less ...