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Get your taxes done using TurboTax
1. Long term capital gains tax is not taxed on your AGI but is based on your taxable income.
2. Long term capital gains can, however, put you in a higher tax bracket since those gains are included in your AGI.
3. Your federal tax incudes tax on your regular income at your marginal tax rate and.tax on your capital gains at your taxable income rate. State tax may be calculated differently.
‎October 25, 2023
6:03 PM