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What is long-term capital gains tax?

Long-term capital gains on so-called “collectible assets” can be taxed at a maximum of 28%. This includes items such as coins, precious metals, antiques and fine art. Short-term gains on such assets are taxed at the ordinary income tax rate » Dive deeper: See the federal income tax brackets.

What is a capital gains tax?

A capital gains tax is a tax imposed on the sale of an asset. The long-term capital gains tax rates for the 2023 and 2024 tax years are 0%, 15%, or 20% of the profit, depending on the income of the filer. Capital gains taxes are due only after an investment is sold.

What is a capital gains rate?

A capital gains rate of 0% applies if your taxable income is less than or equal to: $59,750 for head of household. A capital gains rate of 15% applies if your taxable income is: more than $59,750 but less than or equal to $523,050 for head of household.

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