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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.
‎August 31, 2019
7:36 AM