# what is the capital gains tax on real estate

Based on your income bracket and filing status,the capital gains tax rate on real estate is either0%,15%,or 20%. The majority of Americans fall into the lowest couple of income brackets,which are assessed 0% in capital gains tax. However,note that these tax rates only apply if you檝e owned your property for more than one year.

• ### What is the capital gains tax rate on a house sale?

• If you檝e owned a property and sold it after a year or longer, then you fall into the long-term capital gains tax rate category. Remember, the long-term capital gains tax rates are 0%, 15%, or 20%, depending on your income and filing status. We檝e broken down the tax rate by income bracket in the next section.

• ### What are the capital gains tax rates for 2018?

• If you are filing your taxes as a single person, your capital gains tax rates are as follows: 0% if your income was between \$0 and \$40,000. 15% if your income was between \$40,001 and \$441,450. 20% if your income was \$441,451 or more. If you are filing your taxes as married, filing jointly, your capital gains tax rates are as follows:

• ### What is the capital gains tax rate for 2021?

• Capital Gains Tax Rate 2021 If you are filing your taxes as a single person, your capital gains tax rates are as follows: 0% if your income was between \$0 and \$40,400. 15% if your income was between \$40,001 and \$445,850.

• ### What is the capital gains tax rate on short-term gains?

• If your income is between these thresholds, your capital gains tax rate is 15%. Remember the short-term capital gains tax rate is the same as your income tax bracket.