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  2. Capital gains tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Capital_gains_tax_in_the...

    From 1998 through 2017, tax law keyed the tax rate for long-term capital gains to the taxpayer's tax bracket for ordinary income, and set forth a lower rate for the capital gains. (Short-term capital gains have been taxed at the same rate as ordinary income for this entire period.) [ 16 ] This approach was dropped by the Tax Cuts and Jobs Act ...

  3. History of taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/History_of_taxation_in_the...

    The 1981 tax rate reductions further reduced capital gains rates to a maximum of 20 percent. Later in the 1980s, Congress began increasing the capital gains tax rate and repealing the exclusion of capital gains. The Tax Reform Act of 1986 repealed the exclusion from income that provided for tax-exemption of long-term capital gains, raising the ...

  4. Capital gains tax - Wikipedia

    en.wikipedia.org/wiki/Capital_gains_tax

    Capital Gains Tax Rates for Fiscal Year 2017–18 (Assessment Year 2018–19) [40] ... 2024, are exempt, making the effective start date March 1, 2024. Tax Rates:

  5. What is the long-term capital gains tax? - AOL

    www.aol.com/finance/long-term-capital-gains-tax...

    Long-term capital gains tax rates for the 2024 tax year — by filing status. Single. 0% rate: Up to $47,025. 15% rate: $47,026 – $518,900. 20% rate: Over $518,900. Married filing jointly.

  6. Capital Gains Tax Rates for 2023-2024 - AOL

    www.aol.com/finance/capital-gains-tax-rates-2023...

    The capital gains tax rate for long-term assets is 0%, 15%, 20%, 25% or 28%. You only pay capital gains tax if you sell an asset for more than you spent to acquire it.

  7. Schedule D: How to report your capital gains (or losses) to ...

    www.aol.com/finance/schedule-d-report-capital...

    Schedule D also requires information on any capital loss carry-over you have from earlier tax years on line 14, as well as the amount of capital gains distributions you earned on your investments.

  8. Taxpayer Relief Act of 1997 - Wikipedia

    en.wikipedia.org/wiki/Taxpayer_Relief_Act_of_1997

    The $600,000 estate tax exemption was to increase gradually to $1 million by the year 2006. As inherited assets are automatically revalued to their current or "stepped-up" basis, any capital gains are permanently exempted from taxation. Family farms and small businesses could qualify for an exemption of $1.3 million, effective 1998. Starting in ...

  9. What Are Short-Term Capital Gains? Tax Rules, Rates and How ...

    www.aol.com/short-term-capital-gains-tax...

    When you sell these items at a profit, you are subject to capital gains taxes. Read on to learn more about these... Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 ...