Long-term capital gains tax rates for the 2020 tax year. For 2020, the 15% bracket for capital gains begins at $40,000 of taxable income for single filers. $40,401 to $445,850. Aside from annual inflation adjustments, there aren't any significant capital gains tax changes on tap for 2021. This means that different portions of your taxable income may be taxed at different rates. President Joe Biden proposed raising the top rate on long-term capital gains to 39.6% from 20%. The income tax rates for single individual taxpayers for 2021 are as follows. For single tax filers, you can benefit from the zero percent capital gains rate if you have an income below $40,400 in 2021. 15%. 0%. Single filers. $0 to $40,400. $54,100 to $473,750. Long-term capital gains taxes are assessed if you sell investments at a profit after owning them for more than a year. The tax hike would apply to households making more than $1 million. Most single people will fall into the 15% capital gains rate… The actual rates didn't change for 2020, but the income brackets did adjust slightly. Tax Rate. Up to $53,600. Your income. Filing Status 0% rate 15% rate 20% rate; Single: Up to $40,000: April 22, 2021. Long-term capital gains are taxed at either 0%, 15%, or 20% depending on your tax bracket. That means you pay the same tax rates you pay on federal income tax. If you sell stocks, mutual funds or other capital assets that you held for at least one year, any gain from the sale is taxed at either a 0%, 15% or 20% rate. Depending on your regular income tax bracket, your tax rate for long-term capital gains could be as low as 0%. Since the 2021 tax brackets have changed compared with 2020, it's possible the rate you'll pay on short-term gains also changed. 12 percent for taxable income between $9,950 and $40,525. 2021 capital gains tax rates. Here are the details on capital gains rates for the 2020 and 2021 tax years. Long-term capital gains are taxed at only three rates: 0%, 15%, and 20%. 20%. Remember, this isn't for the tax return you file in 2021, but rather, any gains you incur from January 1, 2021 to December 31, 2021. Over $473,750. 2021 federal capital gains tax rates. Up to $54,100. They're taxed at lower rates than short-term capital gains. Getty Images. Long-term capital gains tax rate. Expand the filing status that applies to you. Capital Gains Tax Rate Threshold (2021) Capital Gains Tax Rate Threshold (2020) 0%. $53,600 to $469,050. The tables below show marginal tax rates. The taxable income thresholds for the capital gains tax rates are adjusted each year for inflation. Long-term capital gains are gains on assets you hold for more than one year. 15%. 10 percent for taxable income below $9,950. 20%.

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