Is there a amount of capital gains that are not taxable based on your income level.There is a worksheet that goes through the calculation.

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Yes, if you are single or married filing separate the tax rate on Long Term Capital Gains is 0%, on taxable incomes up to $47,025. For married couples filing jointly, the 0% rate threshold is $94,050. Keep in mind, your net capital gains are included in your income for determining your taxable income and your capital gains tax rate.

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