Long-Term Capital Rates

Did you know that there is zero tax rate for the long-term capital gains if you are filing jointly and making up to $80,000/year (up to $40k for single taxpayers). If you are making more than $80,000/year, but less than $496,600, then your long-term capital gain rate is only 15% ($40,001-$441,450 for single taxpayers). If you are so successful and making more than $496,600, then the long-term capital rate will be 20% (over $441,450 for single taxpayers). FYI long-term capital gains result from sales or exchanges of capital assets held more than one year.

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