Inflation boosted the capital gains tax brackets for 2023. Here's how much you can make to pay 0% capital gains on investments.
"It's going to be pretty significant," said Tommy Lucas, a certified financial planner and enrolled agent at Moisand Fitzgerald Tamayo in Orlando, Florida.With higher standard deductions and income thresholds for capital gains, it's more likely you'll fall into the 0% bracket in 2023, Lucas said.
The rates use "taxable income," which is calculated by subtracting the greater of the standard or itemized deductions from your adjusted gross income.
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