Current Long Term Capital Gains Tax Rate 2024. Under current law, capital gains and dividends get a huge break: Capital gain is an income tax levied on the sale of assets such as real estate properties (house), financial investments made through banks like fixed deposits (fds) or recurring.
Capital gains are the profits you get when you sell an asset. Removes indexation, lowers tax to 12.5%, changes holding period to 24 months.