What is long-term capital gains tax?

Last week we talked about short-term capital gains tax so now it is time to talk about the long-term capital gains tax.

Basically long-term capital gains tax is the tax you pay after having profits from the sale of your assets. These assets can be everything from real estate, stocks, car, crypto etc. However for it to be long-term capital gains tax it must be held for more than a year. 

For the most part the  long-term capital gains tax is rated at 0%, 15% or even 20%. But this depends pretty much on your filing status and your taxable income. 

However the rate to long-term capital gains tax is lower than rates on the short-term capital gains tax.

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4 thoughts on “What is long-term capital gains tax?

  1. I seriously love your website.. Excellent colors & theme. Did you develop this amazing site yourself? Please reply back as I’m wanting to create my own blog and would like to know where you got this from or exactly what the theme is called. Cheers!

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    1. The theme I use is called “Revelar” on WordPress since that’s is the platform I use for this website.

      I also changed a couple of things with that theme because I wanted to have my own style for the appearance of this website

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