Mark_5
Employee Tax Expert

[Event] Ask the Experts: Investments: Stocks, Crypto, & More

  1. Greetings JR

     If you are a single taxpayer and your only income is the capital gain if it is long term. 
    Consider the $50,000 gain less the standard deduction $15,750 = $34,250.
    Applying the 0% capital gains rate, your $34,250 is less that the maximum of the bracket for long term gains ($48,350 single filers in 2025).
    If the gain is short term you will be looking at ordinary taxable income.

    We have a capital gains calculator that you may use for changes in your situation.
    https://blog.turbotax.intuit.com/income-and-investments/capital-gains-tax-calculator-48615/ 
    And there are other calculators that you may use including one for the most recent tax changes.
    https://blog.turbotax.intuit.com/collection/calculators/

    Thanks for the question!! Hope this helps!