Capital gains tax is a tax on profits from asset sales. Long-term capital gains tax rates are 0%, 15% or 20%. Short-term rates equal ordinary income tax rates.

Taxpayers who sell their assets are subject to taxes on net earnings, or capital gains, without factoring in inflation. In addition to the federal Tax Code on capital gains, individual states have ...

On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (the OBBBA) into law, enacting extensions of the Tax Cuts and Jobs Act of 2017, as well as a broad set of tax reforms. Among the ...

Capital gain is the amount that capital assets increase in value over time. Say, for example, you bought a house 10 years ago for $200,000. If you put the house on the market and sell it for $500,000, ...

The recently passed One Big Beautiful Bill Act (OBBBA) makes significant and immediate changes to the tax rules surrounding qualified small business stock (QSBS) under Section 1202 of the Internal ...

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Getting the right tax advice and tips is vital in the complex tax world we live in. The Kiplinger Tax Letter helps you stay right on the money with the latest news and forecasts, with insight from our ...