2020 tax rate tables irs4/7/2024 ![]() In 2023, that threshold is rising by about 7% to $44,625. The income thresholds for capital gains taxes were also adjusted due to inflation for 2023.įor instance, in 2022 single taxpayers who earned below $41,675 were not required to pay capital gains taxes on their investments. Together, she'll pay the IRS $17,063 in taxes, which amounts to an effective tax rate of 17.7% on her taxable income.Ĭapital gains - the profit from investments or other assets - are taxed using different brackets and rates than earned income. 24% tax on the portion of her income from $95,374 to her limit of taxable income, $96,150, or $775. ![]()
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