Long Term & Short Term Capital Gains Tax Rate
Your capital gains tax rate will be determined depending on the holding period and the type of investment asset. You will be taxed federally on your capital gains and may also be subject to being taxed by your state as well.
This schedule displays the current long term and short term federal capital gains tax rates:
Long Term Capital Gains Tax
Short Term Capital Gains Tax
Long term capital gains are taxed at a lower rate than what your regular income will be taxed at. Depending on your income for that tax year you may be pushed in to a higher tax bracket if you received capital gains. This could result in a combination of rates for your income and capital gains.
How TurboTax Can Help
Remember, when you file with TurboTax Online, they’ll ask you simple questions about your situation and recommend the filing status, credits and deductions that will get you the biggest tax refund.If you would like to see how much your tax refund will be, they also have a free tax refund calculator available.
TurboTax also has more articles in their support section to help you understand everything about long term capital gains tax rates and short term capital gains tax rates.