Capital Gains Tax Calculator
Capital Gains Tax
Formula
Capital Gain = Sale Price - Purchase Price; Tax = Gain × Tax Rate (short-term: ordinary income rates; long-term: 0%/15%/20%)
Frequently Asked Questions
What is the difference between short-term and long-term capital gains?
Short-term capital gains (assets held 12 months or less) are taxed as ordinary income. Long-term capital gains (held over 12 months) are taxed at preferential rates of 0%, 15%, or 20% depending on your income.
Can I offset capital gains with losses?
Yes, capital losses can offset capital gains. If losses exceed gains, you can deduct up to $3,000 per year against ordinary income, carrying forward the rest.
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