Am I correct that the 0% capitol gain bracket is going away in 2024? The married filling jointly threshold is a taxable income under 89250 and in 2024 goes to 94300 I believe.
is the 0% LTCG rate going away as the OP suggested?
The bracket changes put in place by the TCJA legislation expire after the 2025 tax year. So other than the inflation adjustments, the brackets aren’t changing until 2026. I don’t recall if that will reset the 0% cap gains bracket or not, but certainly not until 2026 if it does.
Am I correct that the 0% capitol gain bracket is going away in 2024? The married filling jointly threshold is a taxable income under 89250 and in 2024 goes to 94300 I believe.
Yep I deleted when I realized I couldn't read! I don't think I have done one single thing right today.
do capital gains *add to* your 'taxable income' bottom line? In other words, if taxable income is just under the minimum for 0% capital gains, would a stock sale be *added to* your taxable income on your 1040? And would it push you *out of* the 0% rate spot?
do capital gains *add to* your 'taxable income' bottom line? In other words, if taxable income is just under the minimum for 0% capital gains, would a stock sale be *added to* your taxable income on your 1040? And would it push you *out of* the 0% rate spot?
Keep that up and you'll have to change your screen name to badateverything.