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Profits from the sale of an asset held for more than a year are subject to long-term capital gains tax. The rates are 0%, 15% or 20%, depending on taxable income and filing status.
The Capital Gains Tax Rates for 2024 and 2025. The tax rate for a capital gain depends on the type of asset, your taxable income, and how long you held the property sold. Here's more...
Long-term capital gains are taxed at lower rates than ordinary income, while short-term capital gains are taxed as ordinary income. We've got all the 2023 and 2024 capital gains...
2024 Capital Gains Tax Brackets. Here are the 2024 capital gains tax brackets and rates. The actual rates didn't change for this year, but the income brackets did adjust significantly due to rising inflation.
According to the IRS, the tax rate on most long-term capital gains is no higher than 15% for most people. And for some, it's 0%. For the highest earners in the 37% income tax bracket, waiting to sell until they've held investments at least one year could cut their capital gains tax rate to 20%.
Net capital gains are taxed at different rates depending on overall taxable income, although some or all net capital gain may be taxed at 0%. For taxable years beginning in 2023, the tax rate on most net capital gain is no higher than 15% for most individuals.
Investor Taxes. Capital Gains Tax Rates and Potential Changes in 2025. How capital gains taxes work—and how you can minimize them. By Barbara Weltman. Updated November 08, 2024....