Capital Gains
Hi Terry, am I to understand that I can cash in some long held stock and not pay Capital Gains tax. I read this but I didn’t save the article It had to do with how much our income is. Thank you.
Terry Says
Speak to your accountant. For 2025, if you were married and filing jointly with income under $96,700 (or under $48,350 if filing as a single) you did not have to pay capital gains taxes. Not sure of the brackets for 2026 yet, but likely a bit higher.
Remember, the gain is included as part of your income from work, dividends, interest, and Social Security for purposes of this calculation.
