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Archive for Monday, February 18, 2008

On the money: Capital gains tax rates

February 18, 2008

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Federal tax rates for capital gains have dropped significantly in recent years, allowing people to save more from the sales of stocks and real estate. For more information, check out these Web sites:

¢ Bankrate.com gives a breakdown of the different capital gains tax rates and how they apply.

¢ CompleteTax offers a broad overview of capital gains taxes, from computing and reporting sales to assets holding periods, special situations and more.

¢ Internal Revenue Service provides information on capital gains rates and topics related to taxable assets.

¢ Intuit TurboTax explains long- and short-term capital gains, deducting capital loss and tax rates.

¢ SmartMoney.com spotlights capital gains taxes on stock sales.

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