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clarification on capital gains rate table
Married filing jointly. Do I understand the tax tables correctly that if my taxable income is below $94,051 then my cap gain rate is 0%, no matter how much gain i’ve accumulated throughout the year?
For example, if AGI is $200k (with $125k coming from investment income and the rest from earned income) and deductions and tax credits take this down to $94k taxable income, then the capital gains tax on my $125k is $0?
October 30, 2024
10:08 AM