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Will the Capital Gains Tax Rate Increase In 2009

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Will the Capital Gains Tax Rate Increase In 2009
Submitted: 8 years ago.Category: Tax
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Answered in 22 minutes by:
1/2/2009
Tax Professional: Bill, Enrolled Agent replied 8 years ago
Bill
Bill, Enrolled Agent
Category: Tax
Satisfied Customers: 3,153
Experience: EA, CEBS - 35 years experience providing financial advice
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Under current law, the capital gains tax rates are not scheduled to increase in 2009. However, the new administration may pass legislation that increases the rates for higher income taxpayers (possibly those with AGI in excess of $200,000 - $250,000). In my opinion, any potential income tax increases will be delayed until 2010 or later due to current economic conditions.

 

http://www.3taxtopics.com/images/2008-02_LONG-TERM_CAPITAL_GAIN_RATES.pdf

 

Bill
Bill, Enrolled Agent
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