While the determination of the applicable rate of capital gains under TCJA is different, with the rate structure linked to taxable income " breakpoints " rather than tax brackets, there is in fact no difference in the effect of these changes. Long term capital gains taxed at zero, 15% or 20%
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Spencer Accounting Group, LLC does not provide investment, tax, legal, or retirement advice or recommendations in these blogs. The information presented here is not specific to any individual's personal circumstances.
Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion. Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.