Tax Law Highlights - 2012

Lower Capital Gains - 2012

Answer:

Lower Capital Gains and Dividend Tax Rates Extended Through 2012.
The tax rate reductions for long-term capital gains remain in effect for 2011 and 2012.
If tax bracket = 10% or 15% the Short Term CG taxed at ordinary rates
Long Term CG and Qualifing Dividends tax rate = 0%
If tax bracket = greater than 15% the Short Term CG taxed at ordinary rates
Long Term CG and Qualifing Dividends tax rate = 15%
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