What Was the Capital Gains Tax Rate for 2014?

What Was the Capital Gains Tax Rate for 2014?

The 2014 capital gains tax rate varied according to taxpayers' income, ranging from 0 to 20 percent for gains on most investments held longer than one year. Gains on investments held for less than a year were taxed at the same rate as regular income, TurboTax notes.

Taxpayers who had a regular income tax rate of 10 or 15 percent did not incur capital gains tax in 2014. Taxpayers who had a regular tax rate of 25 to 35 percent incurred a 15 percent capital gains tax rate. Individuals in the highest income tax bracket of 39.6 percent owed a 20 percent capital gains tax, according to the Internal Revenue Service. Gains on collectible art were taxed at 28 percent, regardless of income.