Short-term capital gains are assets sold less than a year from purchase. Long-term capital gains are assets sold more than a year from purchase. Use TaxAct’s capital gains tax calculator to estimate your potential capital gains taxes for the 2017 or 2018 tax years.
News > WA Government Property tax break, capital gains in Democrats’ budget. UPDATED: Tue., Feb. 20, 2018, 8:30 p.m. OLYMPIA – House Appropriations Committee Chairman Timm Ormsby, D-Spokane.
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The maximum rate on capital gains and qualified dividends is then 23.8 percent, and the maximum rate on investment income is 43.4 percent. For many years the lower rate on capital gains was achieved by excluding a portion of long-term capital gains from income taxes.
In 2018 the capital gains tax rates are either 0%, 15% or 20% for most assets held for more than a year. Capital gains tax rates on most assets held for less than a year correspond to ordinary.
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