Federal Capital Gains Tax
Capital gains taxes in the United States apply to the profit made when selling an asset for more than its purchase price. This includes stocks, real estate, businesses, and other investments. The tax rate depends on how long the asset was held before being sold.
Short-Term vs. Long-Term Capital Gains
Long-term capital gains (held for more than a year) benefit from lower tax rates, typically 0%, 15%, or 20%, based on taxable income.
Short-term capital gains (held for one year or less) are taxed at ordinary income tax rates, which range from 10% to 37%, depending on the taxpayer’s income.
Capital Gains Tax Reduction Strategies
Renewable energy tax credits are a federal credit that can be used to offset various types of taxes. A tax equity deal also also you to take depreciation against your income. So a tax equity deal may make sense for your capital gains reduction strategty.
With an Opportunity Zone, you take a capital gain and put it into a fund. Either yours or another, which defers capital gains tax and you can invest that in a qualified opportunity zone business. At the end, you can avoid any capital gains tax on that investment.
Combining The Two
Of course you can always create your own Opportunity Zone fund and invest in Renewable Energy Tax Equity opportunities, which gives you a 1+1=3 investment. Contact an Independent Veritas Tax Credit Consultant to find out more.
Capital Gains Taxes by state
Alabama Capital Gains Tax
Alaska Capital Gains Tax
Arizona Capital Gains Tax
Arkansas Capital Gains Tax
California Capital Gains Tax
Colorado Capital Gains Tax
Connecticut Capital Gains Tax
Delaware Capital Gains Tax
Florida Capital Gains Tax
Georgia Capital Gains Tax
Hawaii Capital Gains Tax
Idaho Capital Gains Tax
Illinois Capital Gains Tax
Indiana Capital Gains Tax
Iowa Capital Gains Tax
Kansas Capital Gains Tax
Kentucky Capital Gains Tax
Louisiana Capital Gains Tax
Maine Capital Gains Tax
Maryland Capital Gains Tax
Massachusetts Capital Gains Tax
Michigan Capital Gains Tax
Minnesota Capital Gains Tax
Mississippi Capital Gains Tax
Missouri Capital Gains Tax
Montana Capital Gains Tax
Nebraska Capital Gains Tax
Nevada Capital Gains Tax
New Hampshire Capital Gains Tax
New Jersey Capital Gains Tax
New Mexico Capital Gains Tax
New York Capital Gains Tax
North Carolina Capital Gains Tax
North Dakota Capital Gains Tax
Ohio Capital Gains Tax
Oklahoma Capital Gains Tax
Oregon Capital Gains Tax
Pennsylvania Capital Gains Tax
Rhode Island Capital Gains Tax
South Carolina Capital Gains Tax
South Dakota Capital Gains Tax
Tennessee Capital Gains Tax
Texas Capital Gains Tax
Utah Capital Gains Tax
Vermont Capital Gains Tax
Virginia Capital Gains Tax
Washington Capital Gains Tax
Washington DC Capital Gains Tax
West Virginia Capital Gains Tax
Wisconsin Capital Gains Tax
Wyoming Capital Gains Tax
What We Offer
Navigating the intricate realm of tax liabilities can be overwhelming, but Veritas simplifies the process. Whether you’re looking to purchase tax credits to decrease your income taxes or monetize your unused credits for immediate financial benefit, our services are tailored to meet your needs. With us, the pathway to minimizing income tax is clear, allowing you to focus on what matters most — your business and personal ambitions. Contact Veritas today and get started. The earlier you begin, the more money you can save.
Why Choose Veritas
Our expertise goes beyond merely understanding tax laws; we are your partners in building a more prosperous future. Clients turn to Veritas for our proven track record of reducing and even eliminating income taxes through strategic use of tax credits. The trust we’ve cultivated stems from our unwavering dedication to maximizing your financial potential. You’ll also be supporting eco-friendly initiatives and investments that pave the way for a brighter tomorrow. We have access to exclusive credits through our partner network.