US Capital Gains Tax Calculator 2023
Calculate taxes on stocks, bonds, real estate, and other investments
💼 Asset Information
📊 Tax Information
💵 Tax Summary
Enter transaction details and calculate
Detailed Calculation Breakdown
2023 Capital Gains Tax Rates
Long-Term Capital Gains (Held > 1 Year)
- • Single: Up to $44,625
- • Married Joint: Up to $89,250
- • Head of Household: Up to $59,750
- • Single: $44,626 - $492,300
- • Married Joint: $89,251 - $553,850
- • Head of Household: $59,751 - $523,050
- • Single: Over $492,300
- • Married Joint: Over $553,850
- • Head of Household: Over $523,050
Short-Term Capital Gains (Held ≤ 1 Year)
Taxed as ordinary income at your marginal tax rate:
Understanding Capital Gains Tax
📅 Holding Period Matters
The length of time you hold an asset determines your tax rate:
- Short-term: Assets held for 1 year or less are taxed as ordinary income (10-37%)
- Long-term: Assets held for more than 1 year qualify for preferential rates (0%, 15%, or 20%)
💡 Deductible Expenses
You can reduce your capital gain by deducting:
- Brokerage commissions and trading fees
- Transfer taxes and recording fees
- Real estate improvements (not repairs)
- Investment advisor fees directly related to the sale
🏠 Special Rules
Primary Residence: You may exclude up to $250,000 ($500,000 married) of capital gains if you've lived in the home for 2 of the last 5 years.
Net Investment Income Tax (NIIT): An additional 3.8% tax may apply to capital gains if your income exceeds $200,000 (single) or $250,000 (married).
Cryptocurrency: The IRS treats cryptocurrency as property, subject to capital gains tax.
📉 Capital Losses
If you sell an asset for less than you paid:
- You can use losses to offset capital gains
- Up to $3,000 of excess losses can offset ordinary income
- Remaining losses can be carried forward to future years
Disclaimer: This calculator provides estimates based on 2023 tax rules for educational purposes only. Actual tax liability may vary based on your complete financial situation, other deductions, credits, and specific IRS rules. State tax rates shown are approximate top marginal rates. Special rules apply to certain assets including primary residences, collectibles, and qualified small business stock. Consult with a tax professional for personalized advice.