Image shows a post-it on a desk, next to a desk plant, calculator and other office supplies. The post-it reads, “Tax Time.” It’s important to understand capital tax rates in your state when going over investment taxes. Investors must pay capital gains taxes on the income they make as a profit from selling investments or […]
Federal tax documents Capital gains tax generally applies when you sell an investment or asset for more than what you paid for it. In other words, any profits resulting from the sale are considered taxable in the eyes of the Internal Revenue Service. Whether you pay the short-term capital gains tax rate or long-term capital […]