Hello,
The tax bracket for 2024 for MFJ on capital gains is 0% if your taxable income is less then $94,050.00. The tax bracket for MFJ on capital gains for taxable income over $94,051 to $583,750.00 is 15%.
You are right, the tax is imposed only on the capital gains you have accumulated through the year.
You can find more information at A Guide to the Capital Gains Tax Rate: Short-term vs. Long-term Capital Gains Taxes - https://turbotax.intuit.com/tax-tips/investments-and-taxes/guide-to-short-term-vs-long-term-capital-...
**Say "Thanks" by clicking the thumbs up icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
