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My husband is inheriting a house from elderly friends, in his name only. It's worth $1 million or more. We do not live in a community-property state. We have one son who is now a young adult. We will ...
Millions of Californians may owe steep capital gains taxes on their home equity—despite decades of smart investing. A frozen ...
Brazil’s MP 1303 scrapped crypto tax exemptions, introducing a 17.5% flat tax on capital gains. Here’s how the new crypto tax law impacts investors in 2025.
Maryland’s wealthiest earners, businesses that use digital services and individuals who partake in recreational cannabis or sports betting will pay more in state taxes starting Tuesday.
The adjustments for 2025 include a 2.8% increase in thresholds, allowing each dollar earned to stretch further before hitting ...
The CI Tech Giants Covered Call ETF (TXF:CA) has delivered significant long-term capital appreciation and currently yields 10 ...
Members of the Missouri House debate legislation to exempt capital gains from the state income tax on May 7, 2025, at the state Capitol in Jefferson City, Missouri. Credit: AP Photo/David A. Lieb ...
For instance, an individual with $350,000 in capital gains would fall into the highest tax bracket, resulting in a state tax liability of approximately $16,273.55 on those gains.
For 2025, the IRS has adjusted the income thresholds for long-term capital gains tax rates to account for inflation. The tax rates remain at 0%, 15%, and 20%, but the income limits have increased.
Unlike long-term gains that can benefit from a potentially lower rate, short-term profits from gold sales could be taxed as high as 37 percent, depending on your income tax bracket.
Tax rates are progressive, based on income brackets, so different portions of your income are taxed at different rates. For instance, a single filer in 2025 pays 10% on the first $11,000 of ...