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Alex mceachern bmo | Article Sources. Retirement and Your Taxes. Most items people own are considered capital assets. Capital gains taxes are levied on profits from the sale of assets like stocks, mutual funds, and real estate. If you haven't filed your return or want to see how all the taxable income thresholds changed, here are the numbers for the tax year. She obtained her Ph. CBS News. |
Capital gains tax interest | Tax Credits The refundable amount for workers with or without children is slightly higher this year. Capital losses can offset your capital gains as well as a portion of your regular income. Tax rate. Try our capital gains tax calculator. Short-term capital gains held for a year or less are taxed at regular income tax rates. High-earning individuals may also need to account for the net investment income tax NIIT , an additional 3. |
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