topic I posted a $4379.11 capital loss in 2022. How much of the $3000 deduction will impact my federal refund? My tax bracket is 22% in After you file

I posted a $4379.11 capital loss in 2022. How much of the $3000 deduction will impact my federal refund? My tax bracket is 22%

dmartinez0801 — Mon, 23 Feb 2026 13:27:06 GMT

I live in TX, so no state income tax.

Re: I posted a $4379.11 capital loss in 2022. How much of the $3000 deduction will impact my fede...

DawnC — Sat, 04 Feb 2023 00:10:52 GMT

You can take $3k off the loss this year and the remainder will carry over to next year's return. Capital losses are netted with capital gains for the tax year when determining whether or not you have a net gain or loss. If you have a $4k net loss, $3K will be subtracted from your gross income, so you'll save $3k * your tax rate in federal tax. And yes, no state income tax for Texas. This link has some examples.

Re: I posted a $4379.11 capital loss in 2022. How much of the $3000 deduction will impact my fede...

dmartinez0801 — Sun, 05 Feb 2023 22:32:50 GMT

Hey Dawn,

Thanks for the response. I added the appropriate losses to my tax return online, but it only increased my refund by a little over $600. $660 would be 22% (my tax rate) of $3,000, so am I correct in assuming that by claiming the capital loss it would only affect my refund by that amount?

I guess in short my question would be, should I expect the $3,000 back entirely as a refund, or did it just reduce my tax liability by $660?

Thanks,

Dan

Re: I posted a $4379.11 capital loss in 2022. How much of the $3000 deduction will impact my fede...

PattiF — Mon, 06 Feb 2023 13:14:10 GMT

No, you should not expect the $3000 back as a refund.

As you mentioned above, your tax liability was reduced by $660 when your taxable income was reduced by $3000.

@dmartinez0801