Korrena Bailie has over a decade of experience reporting and editing personal finance stories and reviews. Her work has been featured in Wirecutter, The New York Times, Bankrate and Credit Karma.

A capital gains tax applies on the sale of an asset. Long-term gains are usually taxed at 0%, 15%, or 20%, depending on your income, while short-term gains are taxed at your regular income tax rate.

Capital gains tax, which applies to many investment transactions, is an important component of the investment landscape, affecting millions of investors. From stocks and bonds to real estate and ...

Capital gains taxes are paid on the profits earned from the sale of an investment Assets owned for one year or less generate short-term gains. Assets owned for over one year generate long-term gains.