The capital gains tax is a tax on the net profit from the sale of an asset, such as a mutual fund or a home. You'll owe capital gains tax for an asset in the same tax year in which you sell that ...

Capital gains ... term tax rates, depending on how long you owned the asset. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you ...

If you buy a home and a dramatic rise in value causes you to sell it a year later, you would be required to pay full capital gains tax—short-term or long-term—on the house, depending on ...

Similarly, to avoid short-term capital gains tax, you will want to avoid selling in less than a year. Another tip, said NerdWallet, is to "keep the receipts for your home improvements." ...

This means the vast majority of us likely fall into the 15% bucket for capital gains taxes – so long as we hold assets for a year plus one day or longer. That lower long-term capital gains tax ...

Debate over capital gains taxes continues. The Washington Supreme Court upheld the state’s controversial 7% tax on the sale or exchange of long-term capital assets last year. Now, a conservative ...