Investments
Capital Gains Tax Rates 2024: Short-Term vs Long-Term
Short-term capital gains are taxed as ordinary income; long-term gains have favorable rates of 0%, 15%, or 20%.
1 December 20246 min read๐บ๐ธUnited States
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Assets held over one year qualify for long-term capital gains rates. For 2024, the 0% rate applies to income up to $47,025 (single), 15% up to $518,900, and 20% above. Net Investment Income Tax (NIIT) of 3.8% applies on investment income for high earners.
Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Tax laws change frequently โ consult a qualified tax professional or official government resources for advice specific to your situation.
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