Tax on Capital Gains

[jj1952]

What incomes are considered when determining the tax bracket for capital gains?  Is Social Security and distributions from Annuities included?  Are there any adjustment for seniors?

[JohnB5677]

Capital gains are the profits from the sale of an asset.  There are two categories for Capital Gains.

• Short Term age securities held for less than a year.
• Long Term are held for more than a year

Short term capital gains are taxed at you current tax bracket federal tax brackets

Long Term gains can be taxed at 0%, 15% or 20%

For 2019 it is based on your total Taxable income.

•   0%     Up to $39,375
• 15 %    $39,376 - $434,550
• 20%     Over $434,550