Long Term Capital Gains Tax Explained For Beginners

"if you're single and your total income is under about fifty two thousand five hundred dollars in a year then you're going to be in the zero percent long-term capital gains tax rates"

"if you're married so if you're doing married filing jointly then that threshold to be in the zero percent long-term capital gains tax rate it's going to be double so it's going to be one about 105 000"

"if you buy a stock and you hold it for greater than a year and then you sell it for a profit and your total income is between fifty two thousand five hundred dollars to four hundred and fifty four thousand dollars then you're going to be subject to the fifteen percent long-term capital gains tax rates"

"if you have total income above 454 thousand dollars then your long-term capital gains tax rate is going to be 20 percent"

"this is going to be applicable to you if you're single and your total income is 200 000 or more"

"or if you're married and your combined income is 250 000 or more"