Capital Gains Calculator
Calculate capital gains tax and after-tax profits from your investments
Results
Capital Gain/Loss
$0.00
Short-term gain
Net Profit
$0.00
After taxes and fees
Tax Amount
$0.00
Federal + State taxes
Effective Tax Rate
0.00%
Combined tax rate
Understanding Capital Gains Tax
What are Capital Gains?
Capital gains are profits from the sale of capital assets such as stocks, bonds, real estate, or other investments. The tax rate depends on how long you held the asset and your income tax bracket.
2024 Tax Brackets
Short-term (≤ 1 year)
| Tax Rate | Taxable Income |
|---|---|
| 10% | Up to $11,600 |
| 12% | $11,601 - $47,150 |
| 22% | $47,151 - $100,525 |
| 24% | $100,526 - $191,950 |
| 32% | $191,951 - $243,725 |
| 35% | $243,726 - $609,350 |
| 37% | Over $609,350 |
Long-term (> 1 year)
| Tax Rate | Taxable Income |
|---|---|
| 0% | Up to $44,625 |
| 15% | $44,626 - $492,300 |
| 20% | Over $492,300 |
Cost Basis
Cost basis is the original value of an asset for tax purposes. It includes:
- Purchase price
- Brokerage fees
- Reinvested dividends
- Stock splits adjustments
Tax Minimization Strategies
Holding Period Strategy
Strategies to minimize capital gains tax:
- Hold investments for over one year
- Time sales based on income
- Use tax-loss harvesting
- Consider tax-advantaged accounts
Tax-Loss Harvesting
Key points about tax-loss harvesting:
- Offset gains with losses
- Carry forward excess losses
- Avoid wash sale rules
- Consider transaction costs
Tax Planning Tips
Best Practices
- Keep detailed records of transactions
- Consider tax implications before selling
- Use tax-advantaged accounts when possible
- Consult with tax professionals
- Plan sales across tax years
Common Mistakes
- Ignoring holding period
- Forgetting about state taxes
- Missing tax-loss harvesting opportunities
- Incorrect cost basis calculation