What is my tax bracket i income is 23K and recent sale of vacant land is 25K?f

[holdtheforte61]

As a senior, I need to know my tax bracket for tax purposes. I know if the bracket is 15% or less, including the sale of vacant land, the tax would be 0%. I would also like to know what investment I could make to lesson the tax impact.

[Critter · Accepted solution]

Yes the long term cap gains is 0% at your income level   (https://www.nerdwallet.com/blog/taxes/capital-gains-tax-rates/) and what you do with the profits will have no effect on the return. 

[TaxGuyBill]

I disagree.  Assuming the OP qualifies for the Standard Deduction, the "taxable income" is definitely in the 12% tax bracket, so the Capital Gains from the land would be 0% for Federal purposes (State taxes could apply).

[Critter]

I agree ... entered the income incorrectly on the tool in the link.