📊
Capital Gains Tax Calculator
Calculate tax on investment and property sales
Investment Details
$
$
months
Long-term (lower tax)
$
Increases cost basis
$
Commissions, fees
$
Determines tax bracket
Capital Gain
$115,000
💰
Tax Owed
$23,000
🧾
Tax Rate
15%
📊
Net Profit
$92,000
✅
Long-Term Capital Gain (Lower Tax)
Gross Gain
$115,000
Federal Tax (15%)
$17,250
State Tax (Est.)
$5,750
Net Profit
$92,000
Tax Breakdown
Profit Analysis
Understanding Capital Gains Tax
Long-Term vs Short-Term
- Long-Term: Held >12 months (0%, 15%, or 20% tax)
- Short-Term: Held ≤12 months (taxed as ordinary income)
- Long-term rates are significantly lower
- Holding period starts day after purchase
Tax Strategies
- Hold investments >1 year for lower taxes
- Harvest losses to offset gains
- Time sales to manage income
- Consider primary residence exclusion ($250K/$500K)
2024 Long-Term Capital Gains Rates
- 0% Rate: Income up to $44,625 (single) or $89,250 (married)
- 15% Rate: Income up to $492,300 (single) or $553,850 (married)
- 20% Rate: Income above these thresholds