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Capital Gains Tax: Definition

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Simple Definition

Tax you pay on profits from selling investments.

Why It Matters

Capital gains tax can eat 15-37% of your profits depending on how long you held. Selling a $10,000 gain after 11 months vs 13 months could cost you thousands more in taxes. Tax-aware investing is free money.

Key Points

  • Hold over 1 year for long-term rates (0%, 15%, or 20% depending on income)
  • Short-term gains (under 1 year) are taxed as ordinary income - up to 37%
  • You don't owe taxes until you sell - unrealized gains aren't taxed

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Common Questions

Tax you pay on profits from selling investments. Capital gains tax can eat 15-37% of your profits depending on how long you held. Selling a $10,000 gain after 11 months vs 13 months could cost you thousands more in taxes.

Capital gains tax can eat 15-37% of your profits depending on how long you held. Selling a $10,000 gain after 11 months vs 13 months could cost you thousands more in taxes. Tax-aware investing is free money.

Hold over 1 year for long-term rates (0%, 15%, or 20% depending on income)

Short-term gains (under 1 year) are taxed as ordinary income - up to 37%

You don't owe taxes until you sell - unrealized gains aren't taxed