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The long-term capital gains tax rates are 0 percent, 15 percent and 20 percent, depending on your income. These rates are typically much lower than the ordinary income tax rate.
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
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 of ...
The capital gains tax exclusion for your primary residence allows you to exclude up to $250,000 in capital gains (or $500,000 if married filing jointly) when selling your home.
The top federal long-term capital gains rate is 20%, which is lower than all but two of the seven ordinary income tax rates. The other long-term capital gains tax rates are 0% and 15%.
The long-term capital gains tax rates are 15 percent, 20 percent and 28 percent (for certain special asset types), depending on your income. Real estate, including residential real estate, counts ...
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 ...
Your annual income bracket determines your short-term capital gains tax rate. ... Short-Term vs. Long-Term Capital Gains. ... Capital Gains From Home Sales. Capital gains from your home sale are ...