2024 Capital Gains Tax Rate Single

2024 Capital Gains Tax Rate Single. How capital gains taxes work; Generally speaking, holding onto an asset for more than a year before selling results in a more favorable tax rate of 0% to 20%, whereas assets sold within a year or less of.

For the 2024 tax year, you won’t pay any capital gains tax if your total taxable income is $47,025 or less. Short term capital gains (365 days or less) are taxed at ordinary income tax rates.