Taxes on stock gains
I have some shares I wanted to sell before their value drops any further, but in the 8 years I have owned them, it has had an 1811% gain. I plan to reinvest the money into other stocks, is there a way to reduce capital gains on those funds?
Terry Says
If you’ve held the shares longer than a year, you’ll pay capital gains rates — the lowest tax rates possible. If you sell some other stocks at a loss, you can offset — potentially reducing your tax bill.
Capital gains tax rates for 2025 are as follows:
0% tax rate for individuals earning up to $48,350 and married couples earning up to $96,700.
15% rate for single filers earning between $48,350 and $533,400.
20% rate for those earning above $533,400.
