Capital Gains Tax 2024 Married Filing Jointly With Partner

Capital Gains Tax 2024 Married Filing Jointly With Partner. Your capital gains tax rate depends on your income and how long you. Here's how it works, and what you can expect to pay.

Capital gains tax on jointly owned property applies when the property is sold and a profit, or a capital gain, is made. If you’re selling your main home, you can exclude $250,000 of the capital gains from your taxable income ($500,000 for married couples filing.