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.

 

[maria]

Capital gains tax varies by country and income level. In the U.S., it ranges from 0% to 20% for long-term gains, depending on income. Short-term gains are taxed as ordinary income (10%–37%). Additional 3.8% may apply for high earners. Rates differ in other countries. Always check local laws.

 

[robertwilliam]

Capital gains tax in India varies depending on the type of asset sold and how long you owned it. With recent changes from the Union Budget 2024, the rates for long-term and short-term gains have been revised.

 

[peterkavinsky]

Capital gains tax depends on your country’s tax laws. In the U.S., it ranges from 0% to 20% for long-term gains (assets held over a year) and is taxed as ordinary income for short-term gains.

 

[brook]

The capital gains tax is country and income-related. It is between 0 and 20 percent of long-term gains, according to income in the U.S. Short-term profits are reported as ordinary income (10%37%) income. Another 3.8 can be used on high earners. Other countries have different rates. Always check local laws.

 

[Lucky]

Capital gains tax depends on the holding period and your income. Short-term gains (assets held under one year) are taxed as ordinary income, while long-term gains (held over a year) usually range from 0% to 20% in the U.S., based on income brackets. State taxes may also apply. Always check current tax laws.