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Capital gains

I have $100K income in 2021 : $50K is from my business and $50K are capital gains ($20K is short term capital gain and $30K is long term. How much taxes will I have to pay ? 
#CapitalGains #income #Tax

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1 Reply
MayaD
Employee Tax Expert

Capital gains

When you enter your information, the software will tell you the amount of taxes you need to pay based on your situation( filling status, dependents, credits you might qualify for etc...).

 

Capital Gain Tax Rates

The tax rate on most net capital gain is no higher than 15% for most individuals. Some or all net capital gain may be taxed at 0% if your taxable income is less than or equal to $40,400 for single or $80,800 for married filing jointly or qualifying widow(er).

A capital gain rate of 15% applies if your taxable income is more than $40,400 but less than or equal to $445,850 for single; more than $80,800 but less than or equal to $501,600 for married filing jointly or qualifying widow(er); more than $54,100 but less than or equal to $473,750 for head of household or more than $40,400 but less than or equal to $250,800 for married filing separately. Topic No. 409 Capital Gains and Losses

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