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The long-term capital gains tax rates are 15 percent, 20 percent and 28 percent (for certain special asset types, like small business stock collectibles), depending on your income. Real estate ...
20%***. * This rate was reduced one-half percentage point for 2001 and one-half percentage point for 2002 and beyond. ** There was a two percentage point reduction for capital gains from certain assets held for more than five years, resulting in 8% and 18% rates. *** The gain may also be subject to the 3.8% Medicare tax.
Capital Gains Tax on Real Estate One exception to capital gains tax rules is the sale of your primary home. Up to $250,000 — $500,000 for married joint filers — is excluded.
The capital gains tax rate for tax year 2020 ranges from 0% to 28%. For most people, the capital gains tax does not exceed 15%. This 15% rate applies to individuals and couples who earn at least ...
A capital gains tax ( CGT) is the tax on profits realized on the sale of a non-inventory asset. The most common capital gains are realized from the sale of stocks, bonds, precious metals, real estate, and property . Not all countries impose a capital gains tax, and most have different rates of taxation for individuals compared to corporations.
You have a capital gain when you sell a capital asset, such as stocks, mutual funds, exchange-traded funds, or real estate, for more than it costs. The capital gains tax rate depends on your ...
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