What is the capital gains tax rate for 2023 & 2024?

Here are the details on capital gains rates for the 2023 and 2024 tax years. For example, in 2023, individual filers won’t pay any capital gains tax if their total taxable income is $44,625 or below. However, they’ll pay 15 percent on capital gains if their income is $44,626 to $492,300. Above that income level, the rate jumps to 20 percent.

How much tax do you pay in 2024?

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 on short-term capital gains?

The tax rate on short-term capital gains (i.e., from the sale of assets held for one year or less) is the same as the rate you pay on wages and other "ordinary" income. 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.