What is the tax rate for long-term capital gains?

The tax rate for long-term capital gains in Arizona is dependent on the amount of money earned from capital gains. Generally, long-term capital gains are taxed at a rate of 0%, 5% or 10%. If the taxpayer’s total taxable income falls below $53,000 then the long-term capital gains are taxed at 0%. If the taxpayer’s total taxable income is over $53,000 but below $159,000 then the rate is 5%. Finally, if the taxpayer’s total taxable income is over $159,000 then the rate is 10%. It is important to remember that these are graduated tax rates. This means that income over the threshold is taxed at the higher rate. For example, if the taxpayer’s total taxable income is $105,000 then the first $53,000 of capital gains will be taxed at 0%, while the remaining $52,000 of capital gains will be taxed at 5%. In addition, it is important to note that these tax rates are exclusive of any other tax deductions or credits that may be available. It is important that individuals consult with a tax expert if they have questions regarding their particular tax situation. Furthermore, it is important to keep in mind that a taxpayer may be eligible for other deductions or credits that could lower the overall tax rate on long-term capital gains.

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What is the tax rate for long-term capital gains?

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