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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.
From 1998 through 2017, tax law keyed the tax rate for long-term capital gains to the taxpayer's tax bracket for ordinary income, and set forth a lower rate for the capital gains. (Short-term capital gains have been taxed at the same rate as ordinary income for this entire period.) [ 16 ] This approach was dropped by the Tax Cuts and Jobs Act ...
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.
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 other long-term capital gains tax rates are 0% and 15%. Here is a breakdown of what rates your long-term capital gains will be taxed at for the 2021 tax year:
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
Based on filing status and taxable income, long-term capital gains for tax years 2021 and 2022 will be taxed at 0%, 15% and 20%. Short-term gains are taxed as ordinary income. Capital Gains Tax ...
By holding an investment for a year or more, you will qualify for long-term capital gains tax rates. ... Depending on your income, you may even qualify for capital gains tax rates as low as 0%. 2 ...