What are the capital gains brackets in the United States? When are these primarily used?
TaxConnections Members... Answer This Question
Want To be One of Our Tax Experts? Register Here
Tax Professional Answers
Kathryn Morgan
The current tax brackets for capital gains are 0%, 15%, and 20%. These are gains on the sale of certain assets by the taxpayer that they have owned for more then one year. These types of assets include stocks, bonds, mutual funds, real property, business property, and things like that. The taxpayer pays the capital gains tax rate based on what their total income tax bracket for the year is. If they are in the 10% or 15% total tax bracket then their capital gains rate is 0%. If they are in the 20% tax bracket then their capital gains tax rate is 15%. If they are in a tax bracket higher then that their capital gains tax rate is 20%.
Leave a Comment
549 weeks ago