Capital gains
If I make $54000 in pension income and this is my only income, how much in long term capital gains from the sale of stock can I have and still be in a 0% capital gains bracket
Quick Answer:
Assuming you are a single filer for the 2023 tax year:
1. Your gross pension income is $54,000.
2. Subtracting the standard deduction for a single filer ($13,850), your taxable income from the pension is $40,150.
3. For 2023, the 0% long-term capital gains bracket for single filers applies to taxable income up to $44,625.
4. Since your other taxable income ($40,150) uses up part of this bracket, the remaining amount that can be taxed at 0% is $44,625 - $40,150 = $4,475.
Therefore, you can have $4,475 in long-term capital gains from the sale of stock and still be in the 0% capital gains bracket.
Note: This answer is provided for convenience only. It is important that you speak to a CPA about your individual tax situation.
