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The capital gains tax rate for long-term assets is 0%, 15%, 20%, 25% or 28%. You only pay capital gains tax if you sell an asset for more than you spent to acquire it.
Long-term capital gains tax rates for the 2024 tax year — by filing status. Single. 0% rate: Up to $47,025. ... Additionally, when capital losses exceed that threshold, you can carry the excess ...
The one-year threshold between short-term and long-term capital gains is arbitrary and has changed over time. Short-term gains are disparaged as speculation and are perceived as self-interested, myopic, and destabilizing, [ 27 ] while long-term gains are characterized as investment , which supposedly reflects a more stable commitment that is in ...
The tables below show the thresholds for taxable income to meet the 0, 15 and 20 percent long-term capital gains tax rates. Long-term capital gains tax rates for the 2023 tax year FILING STATUS
Federal Tax Rates for Long-Term Capital Gains. Rate. Single. Married Filing Jointly. Married Filing Separately. Head of Household. 0%. $0 – $40,400. $0 – $80,800
Long-Term Capital Gains Tax Rates for 2020 Taxable Income Filed in 2021. Filing Status. Income Bracket. Tax Rate. Single. $0 to $80,000. 0%. $80,001 to $441,449. 15%. $441,459 or more. 20%. Head ...
Most long-term capital gains will see a tax rate of no more than 15%, though certain assets (like coins and art) can be taxed at a rate up to 28%. Depending on your income, you may even qualify ...
To encourage longer-term investments, the federal tax law sets three brackets that usually result in a lower tax rate on long-term capital gains. For single filers: 0% for incomes up to $40,400