What Are the Capital Gains Tax Rates for 2023 vs. 2024? 

By Rocky Mengle – Kiplinger Report The capital gains tax rate that applies to profits from the sale of stocks, mutual funds or other capital assets held for more than one year (i.e., for long-term capital gains) is either 0%, 15% or 20%. However, which one of those long-term capital gains rates applies to you depends on your taxable income. The higher your income, the higher the rate. But what if you held the asset for one year or less (i.e., a short-term capital gain)? In that case, you’re looking at different tax rates applicable to the gain. Plus, the type of property sold can impact the capital gains tax rate. Did you know that some people have to pay an extra surtax on top of the capital gains tax? It can all be very confusing. So, don’t run out and immediately spend all your earnings if you’re lucky enough to score big on a hot stock tip. Instead, figure out how much you should stash away for tax time (or for an estimated tax payment). READ FULL ARTICLE >>