Capital Gains Tax 202455

Capital Gains Tax 202455. Capital gains arise when there is a transfer of a capital asset, and we have discussed the meaning of a capital asset, the types of capital assets, and the period of. Long term capital gains (ltcg) tax will be hiked from 10.

That’s up from $44,625 this year. You earn a capital gain when you sell an investment or an asset for a profit.