Korrena Bailie has over a decade of experience reporting and editing personal finance stories and reviews. Her work has been featured in Wirecutter, The New York Times, Bankrate and Credit Karma.

Current tax law does not allow you to take a capital gains tax break based on age. Once, the IRS allowed people over the age of 55 a tax exemption for home sales. However, this exclusion was closed in ...

Capital gains taxes are taxes levied on the profit from selling an asset for an amount greater than its purchase price. These taxes are categorized into short-term or long-term based on the asset's ...

Know the differences to get the most from your investment portfolio Claire Boyte-White is the lead writer for NapkinFinance.com, co-author of I Am Net Worthy, and an Investopedia contributor. Claire's ...

Short-term capital gains is a type of tax that the Internal Revenue Service (IRS) levies on American taxpayers. The short-term capital gains tax is charged on the appreciation made in financial assets ...

As home values climb, more Americans owe capital gains taxes when selling property. But knowing how to calculate your home's profit could reduce your bill, experts say. Most Americans do not owe taxes ...

CBDT raised the CII from 376 to 384, increasing the inflation adjustment used to calculate indexed acquisition costs wherever ...

What Is Long-Term Capital Gains Tax? When an individual taxpayer sells a capital asset, they are assessed tax on the profit between the cash received on that sale and the price paid. Investors ...