2010 Capital Gain Rates – 4 Months Left to Cash in on the Lower Rates!

In Tax Planning by Sarah E. Martello

For tax years 2009 and 2010, long-term capital gains taxes are eliminated for some low- and moderate-income individuals. This zero-tax break will end Jan. 1, 2011, when all capital gains rates revert to pre-2003 levels, unless Congress extends the current law.
Ordinary income

tax bracket

Long-term capital gains rate by tax year
2007 2008, 2009 and 2010 2011
10 percent 5 percent 0 percent 10 percent
15 percent 5 percent 0 percent 10 percent
25, 28 and 35 percent 15 percent 15 percent 20 percent