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December 2, 2023
Question

Someone structured a tax free injury settlement (5k/mo, 15 years), they also have long term capital gains in stock, would the income conflict with their 0% LTCG tax rate?

  • December 2, 2023
  • 1 reply
  • 0 views
2024 long term capital gains rate is taxed at 0% up to $47,025 for single filers.

1 reply

Critter-3
December 2, 2023

If the settlement is tax free and no tax reporting form is issued then that money is not reported on an income tax return thus it will not affect the LTCG rate.