Assets held for less than one year are taxed at ordinary income rates, while assets held for longer than one year are eligible for capital gains tax rates of 0%, 15%, or 20% depending on income level.

Authors

• Person: Not available Organization: Edelman Financial Engines
  14 Tax Saving Strategies to Minimize Your Expenses

Sources

• 14 Tax Saving Strategies to Minimize Your Expenses www.edelmanfinancialengines.com Edelman Financial Engines via serper

Referenced by nodes (1)

• ordinary income concept