If I am married, filing jointly, and my long-term capital gains exceeds the 15% limit how is it taxed exactly?

[Joe28]

If my long term capital gains exceeds the 15% limit of $488,850....... Will the balance below the $488,850 be taxed at 15% and everything over that amount at 20% or will the entire balance be taxed at 20%? I can't seem to find this answer anywhere.

[SweetieJean]

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[fanfare]

The answer is found in the capital gains Tax Worksheet.

If you look at the worksheet you will see that the second tier up to the limit you mentioned - I assume it's rising for 2019 -  is taxed at the 15% rate and the third tier over that is taxed at 20%.