Tax Tip #25: Capital Gains Tax Rate Increases

For taxpayers with income over $400,000 (single) or $450,000 (married), the rate on capital gains and qualifying dividends will go from 15% to 20% for 2013 and later years.  For most other taxpayers, the maximum rate will be 15% for capital gains and dividends.  The rate will remain at 0% for those in the bottom two tax brackets.

For more details, contact us at 559.924.1225.