dmertz
Level 15

After you file

The tax savings would be the difference between your tax bracket for ordinary income and your tax bracket for long-term capital gains.  For most people the difference would be 9% of $135.65 or less, $12 or less of tax savings.  However, if your ordinary income falls in the 32% or higher tax bracket, your tax savings would be higher.  The maximum possible savings would be 20% of $132.65, $27, for certain filers whose ordinary income falls in the 35% tax bracket.  There's also a very small chance that those whose ordinary income falls at the border between the 12% and 22% tax brackets would actually owe a small amount of taxes (a maximum of $4) due to this change.