Long-term capital gains rates are applied based on ordinary income amounts. The brackets for 2024 for each filing status are: Tax rate Single Married filing jointly Married filing separately Head of household 0% $0 to $47,025 $0 to $94,050 $0 to $47,025 $0 to $63,000 15% $47,026...
Long-term capital gains tax rates for the 2024 tax year FILING STATUS0% RATE15% RATE20% RATE SingleUp to $47,025$47,026 – $518,900Over $518,900 Married filing jointlyUp to $94,050$94,051 – $583,750Over $583,750 Married filing separatelyUp to $47,025$47,026 – $291,850Over...
Short-term capital gains are taxed at your ordinary income rate. Long-term capital gains, on the other hand, get preferential tax treatment at levels that are below ordinary tax rates. We’ll highlight the actual tax rates for both below. An important takeaway is that if you are considering...
Assets you hold for more than one year qualify for the more favorablelong-term capital gainsrates. In contrast, gains on investments you’ve held for one year or less areshort-term capital gains, which are taxed at your higher,ordinary incometax rate (there are limited exceptions to the one...
Capital gains tax rate 2024 The following rates and brackets apply to long-term capital gains sold in 2024, which are reported on taxes filed in 2025. Tax rate Single Married filing jointly Married filing separately Head of household 0% $0 to $47,025 $0 to $94,050 $0 to $47,025 $0...
Under current U.S. federal tax policy, the capital gains tax rate applies only to profits from the sale of assets held for more than a year, referred to aslong-term capital gains. The current rates are 0%, 15%, or 20%, depending on the taxpayer's tax bracket for that year.2 ...
Continuing the example above, if you held on 13 more days, until September 16, 2024, to sell your stock, any profit would be considered a long-term capital gain. Unlike short-term capital gains, long-term capital gains are not taxed at your marginal federal income tax rate and instead ...
Here are the federal tax brackets for 2024: 2025 Tax Brackets (IRS Federal Income Tax Rates Table) Here are the federal tax brackets for 2025: What About Capital Gains Tax Rates? Capital gains tax rates on income from the selling of assets are broken down into short and long-term rates....
Long-term capital gainsrefer to assets sold for a profit that were held for more than one year. The specific rates depend on your taxable income, but it’s not the same as the percentages listed above. Use the table lower in this section to determine your rate. ...
2024 Income Tax Rates on Long-term Capital Gains Capital Gains Tax RateTaxable Income (Single)Taxable Income (Married Filing Separately)Taxable Income (Head of Household)Taxable Income (Married Filing Jointly) 0% $0 to $47,025 $0 to $47,025 $0 to $63,000 $0 to $94,050 15% $47,026 ...