Capital Gains Tax Rate 2024 Home Sale Tax

Capital Gains Tax Rate 2024 Home Sale Tax. If you have a net capital gain, that gain may be taxed at a lower tax rate than the ordinary income tax rates. Generally speaking, holding onto an asset for more than a year before selling results in a more favorable tax rate of 0% to 20%, whereas assets sold within a year or less of.

If you have a net capital gain, that gain may be taxed at a lower tax rate than the ordinary income tax rates. For the 2024 tax year, you won’t pay any capital gains tax if your total taxable income is $47,025 or less.