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You can see this in the tax brackets section above.
Income tax brackets capital gains. Long term capital gains tax rate is 0 15 or 20 depending on the individual s taxable income and filing status. Long term capital gains tax is levied on profits from the sale of an asset held for more than a year. The higher your income the higher the. In the u s short term capital.
If you are single and make a 45 000 capital gain on top of your 40 000 in ordinary income your long term capital gains tax bracket is 15. Irs releases income tax brackets for 2021 however which one of those capital gains rates 0 15 or 20 applies to you depends on your taxable income. While at the marginal level capital gains are flat taxed in practice your gain can be subject to different tax rates depending on the amount of the gain.
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