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Deductions & credits
@sharona2u2 wrote:
If your taxable income is less than 92,000 for 2024 taxes then capital gains would be 0%. If over that amount it would go to 15%, am I reading that correct?
Yes, but the income still stacks. If your total income including capital gains is <$92,000, the capital gains portion will be zero. But if your other income is <$92,000 and capital gains puts it over that threshold, the amount over $92,000 is taxed.
‎October 28, 2024
5:21 AM
12,376 Views