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Three steps to pay 0% to 15% in taxes on your investments?

  1. Ensure that you hold your investment for 1 year and 1 day

  2. Classify your investment as a “Long-Term Investment”

  3. Ensure that you apply the correct tax rate on your gains

The current capital gains tax rates under the new 2018 tax law are 0%, 15% and 20%, depending on your income.

For example, a single person won’t pay any capital gains tax if their total taxable income is $39,375 or below. However, they’ll pay 15 percent on those capital gains if their income is $39,376 to $434,550. Above that level, the rate jumps to 20 percent.

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