Cloe Melony

2024 Tax Brackets Irs Capital Gains. If a fund has a gain in a security and then sells that security, it must distribute those capital gains to shareholders on record within its fiscal year. Here are the new federal tax brackets for 2023.

For the 2024 tax year, the highest possible rate is 20%. Depending on your income level, and how long you held the asset, your capital gain on your investment income will be taxed federally between 0% to 37%.