How much is capital gains tax in 2024?

The long-term capital gains tax rates for 2024 are 0%, 15% and 20%. The short-term tax rates range from 0% to 37%. Is the capital gains tax 15% or 20%? If you sell your asset after owning it for more than a year, your tax rate will be 0%, 15% or 20%. The rate depends on your filing status and income level. How do I avoid capital gains tax?

How are capital gains taxed?

Capital gains can be subject to either short-term tax rates or long-term tax rates. Short-term capital gains are taxed according to ordinary income tax brackets, which range from 10% to 37%. Long-term capital gains are taxed at 0%, 15%, or 20%. Some exceptions:

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.