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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 ...
Here are the details on capital gains rates for the 2023 and 2024 tax years. Long-term capital gains tax rates for the 2023 tax year — by filing status. Single. 0% rate: Up to $44,625.
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 ...
Long-term capital gains tax rates for the 2023 tax year. FILING STATUS. 0% RATE. 15% RATE. 20% RATE. Single. Up to $44,625. ... For 2024, that threshold for individuals rises to $47,025. Those ...
December 20, 2024 at 5:00 AM. ... Long-term capital gains for properties you owned for over a year are taxed at 0 percent, 15 percent or 20 percent depending on your income tax bracket.
Long-Term Capital Gains Tax Rates. The 2024 long-term capital gains tax rates are as follows: Filing Status. Income Bracket. Tax Rate. Single. Up to $44,625. 0% . $44,626 to $492,300. 15% .
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 ...
Here’s where the tax advantage of investing becomes clear: If you’re married and your combined taxable income is $85,000 in 2024, you’d fall in the 0% long-term capital gains tax bracket.