Capital gains tax: Short-term vs. long-term Capital gains taxes are divided into two big groups, short-term and long-term, depending on how long you’ve held the asset. Here are the differences: Short-term capital gains tax is a tax applied to profits from selling an asset you’ve hel...
There is a flat 28% capital gains tax on gains related to art, antiques, jewelry, precious metals, stamp collections, coins, and other collectibles regardless of your income. Understanding Long-Term and Short-Term Capital Gains Capital assets include stocks, bonds, precious metals, jewelry, and...
Knowing the difference between short- and long-term capital gains will help you save money at tax time. Here's how they work, tax rates and more.
What tax rates apply to long-term capital gains? For most people, the capital gain tax rate is 15%. Here’s a breakdown for the 2023 tax year: Tax rateIncome range Note that if your gain is from the sale of collectibles such as art, rugs, stamps, and so on, the tax rate is 28...
When you sell an asset for more than your adjusted basis, you have to pay capital gains tax. However, there's a big difference between short vs long-term capital gains and how they're taxed. Here's a breakdown of short vs long-term capital gains and h...
These assets are generally characterized by relatively low capital gains and substantial price fluctuations. The rate of value appreciation has been more pronounced for collectibles, but transaction costs are very high in such markets as well. However, a rental income yield can add substantially to ...
If you have a long-term investment timeline, even a small amount of money has the potential to grow over time through compound interest and appreciation (or value). If you are opposed to more significant risks, starting small means you have less to lose. ...
Dear Reader,Arriving in Chandler, Arizona two days ahead of our Casey Research Summit, I found myself with a bit of leisure time available.