Skip to main content
February 16, 2025
Question

Is there a amount of capital gains that are not taxable based on your income level.There is a worksheet that goes through the calculation.

  • February 16, 2025
  • 1 reply
  • 0 views
No text available

    1 reply

    February 16, 2025

    Yes, if you are single or married filing separate the tax rate on Long Term Capital Gains is 0%, on taxable incomes up to $47,025.  For married couples filing jointly, the 0% rate threshold is $94,050.  Keep in mind, your net capital gains are included in your income for determining your taxable income and your capital gains tax rate.  

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"