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The capital gains tax rate brackets were adjusted upward for tax year 2024 and 2025 to account for inflation. Still, the long-term capital gains tax does not exceed 15% for most people. This 15% ...
US Capital Gains Taxes history chart. From 1913 to 1921, capital gains were taxed at ordinary rates, initially up to a maximum rate of 7%. [11] The Revenue Act of 1921 allowed a tax rate of 12.5% gain for assets held at least two years. [11]
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.
For example, if you’re filing as an individual, you can earn taxable income of up to $44,625 in 2023 and qualify for the 0 percent rate. For 2024, that threshold for individuals rises to $47,025.
For the 2024 tax year, you are not subject to capital gains taxes if your taxable income is $47,025 or less ($94,050 if married and filing jointly). If it’s between $47,026 and $518,900 as a ...
March 18, 2024 at 11:08 AM. ... You would only be subject to capital gains taxes on the difference – or $2,000 – rather than the full $5,000 gain of the second investment.
May 3, 2024 at 4:00 PM. ... would raise the top marginal income tax for individuals to 39.6 percent and tax capital gains above $1 million at that same rate.
(The Center Square) – A general income tax in Washington state appears to be off the table for now, even as voters retained the state’s capital gains tax by failing to pass Initiative 2109 on ...