How much is capital gains tax in 2024?

Try our capital gains tax calculator. In 2024, single filers making less than $47,026 in taxable income, joint filers making less than $94,051, and heads of households making $63,000 or less pay 0% on qualified realized long-term gains. If your taxable income exceeds those amounts, you may be subject to 15% and 20% tax rates.

What is the tax rate for long-term capital gains?

Long-term capital gain. The profits you earn from selling assets you’ve held for over a year. Long-term capital gains tax rates are 0%, 15% or 20%, depending on your taxable income and filing status. Here is the long-term capital gains tax rate for 2023: Short-term capital gains are taxed as ordinary income.

What is the tax rate for 2024?

Those rates currently range from 10% to 37%, depending on your taxable income. The income thresholds for each tax rate are also adjusted annually for inflation. For the ordinary tax rate that applies to you, see 2024 Federal Income Tax Brackets and Rates.