A short-term capital gain is typically taxed at your federal income tax rate, while long-term capital gains have their own tax rates.
What are the long-term capital gain tax rates?
The 2024 long-term capital gain tax rate is as follows:
Tax rate | Single (taxable income) | Married filing separately (taxable income) | Head of household (taxable income) | Married Filing Jointly (taxable income) |
0% | Up to $47,025 | Up to $47,025 | Up to $63,000 |
Up to $94,050 |
15% | $47,026 - $518,900 | $47,026 - $291,850 | $63,001 - $551,350 | $94,051 - $583,750 |
20% | Over $518,900 | Over $291,850 | Over $551,350 | Over $583,750 |