Capital Gains and Losses
Capital Gains Tax Questions? Ask a Tax Advisor for Answers ASAP
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Do they have any dependents they would claim?
At their income level it will not make much difference if they get married and file jointly or separately or don't get married and file single.
The capital gains tax rate will be same - 15% - regardless how they file, jointly, separately or singles.
No, it will not. It will be taxed at 25% but more of the capital gains will be taxed at 15%. If they file single, her income will be taxed at 28% but less of capital gains will be taxes. The capital gains will be reduced by the deduction and exemption.
It will come to about the same. And if they get married they can still choose to file separate.
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Cities do not tax capital gains, only earned income. On state level the difference is about $100 more if they file jointly.