Capital Gains Tax
TaxesTax on the profit from selling an asset like stocks or property, with rates depending on how long you held it.
Example
Example: On a $75,000 salary, understanding capital gains tax could save you hundreds or thousands at tax time. For instance, if you are in the 22% marginal bracket, knowing how capital gains tax works helps you make smarter decisions about deductions, credits, and withholding. Check your tax picture with our income tax calculator.