Capital Gains Tax Rate 2024 Real Estate

Capital Gains Tax Rate 2024 Real Estate. Generally speaking, holding onto an asset for more than a year before selling results in a more favorable tax rate of 0% to 20%, whereas assets sold within a. The 20% rate threshold for single filers rose substantially from $492,300 in 2023 to $518,900 for 2024.

There are two main categories for capital gains: Your capital gains tax rate will depend on your current income tax bracket, the length of time you’ve held the asset and whether.