Guide to Short-term vs Long-term Capital Gains Taxes (Brokerage Accounts, etc.) - TurboTax Tax Tips & Videos

Guide to Short-term vs Long-term Capital Gains Taxes (Brokerage Accounts, etc.) - TurboTax Tax Tips & Videos

Long-term capital gains

If you can manage to hold your assets for longer than a year, you can benefit from a reduced tax rate on your profits. For 2014, the long-term capital gains tax rates are 0, 15, and 20 percent for most taxpayers. If your ordinary tax rate is already less than 15 percent, you could qualify for the zero percent long-term capital gains rate. For high-income taxpayers, the capital gains rate could save as much as 19.6 percent off the ordinary income rate.

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