Key Points

  • Inflation adjustments boosted the long-term capital gains tax brackets for 2023, which apply to investments owned for more than one year.
  • This means it takes more income to reach the 15% or 20% brackets and you may owe 0% capital gains taxes for 2023, depending on your income.
  • With taxable income below thresholds, you can sell profitable assets without tax consequences.

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Written By: Kate Dore, CFP®

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