Current Long Term Capital Gains Tax Rate 2024. Taxpayers can choose to pay the lower tax amount of the following two. Biden also wants to increase a 3.8% medicare surcharge for wealthy americans to 5%, meaning that investment income would be taxed at an effective capital.

Budget 2024 changes capital gains tax with two holding periods, impacting investments like stocks, real estate, and mutual funds. Removes indexation, lowers tax to 12.5%, changes holding period to 24 months.