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Form 2438 Undistributed Capital Gains Tax Return

Form 2438 Undistributed Capital Gains Tax Return

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if you don't want to pay any taxes on long-term capital gain income then pay attention because here's the numbers you need to know $89,950 if you're married $446 125 if you're single those are the thresholds at which if your taxable income is lower than those amounts you don't pay any federal capital gains income assuming it's a long-term capital gain you can see right here 0% tax rate if you're under those amounts if you're higher you're at the 15% rate and then if you're above those thresholds you can see right here 20% tax ta es so these numbers are important to know because as a retiree you have full control over when you realize this income so if you're smart and intelligent about this you can realize gains up to these thresholds and that allows you to pay 0% taxes on those long-term capital gains the other cool point is this is taxable income taxable income is after you apply a standard deduct

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