The IRS unveils higher capital gains tax brackets for 2025
Source: CBNC
The IRS has unveiled higher capital gains tax brackets for 2025.
In its announcement Tuesday, the agency boosted the taxable income limits for the long-term capital gains brackets, which apply to assets owned for more than one year.
The IRS also increased figures for dozens of other provisions, including federal income tax brackets, the estate and gift tax exemption and eligibility for the earned income tax credit, among others.
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