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Capital Gains

 

For 2025 tax filings.  TurboTax cited the following but others cite higher limits (i.e., for the 15% $600,001 as the upper limit).  My question(s) are:

Does anyone know the upper limit on the 15% threshold  (is it $500,000 or $600,000) and if I was fortunate enough to exceed a total taxable income of the 15% bracket and I get kicked up to the 20% rate, does the 20% rate apply to the entirety of  Capital Gains, or just the amount above the aforementioned limit?

 

For 2025, the long-term capital gains tax rates are structured based on your taxable income and filing status.

  • Married Filing Jointly:
    • 0% for income up to $96,950
    • 15% for income between $96,950 and $501,050
    • 20% for income over $501,050
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