How much is capital gains tax?

[ankita]

Hi everyone, I’m trying to understand capital gains tax and how much it usually is. Can someone explain the rates and what factors affect how much tax I would owe on investments or property sales?

 

[Rick_Grimes]

Capital gains tax depends on how long you held the asset and your income. In the U.S., short-term gains (held less than a year) are taxed like regular income, while long-term gains (over a year) are usually 0%, 15%, or 20% depending on your tax bracket.