What Is Capital Gains Tax and When Are You Exempt? 

Steve Fiorillo | The Street | Feb 4th, 2020
Category: Education

As tax season approaches, you're going to need to compile all the information about your finances that you possibly can. Your yearly income isn't the only thing you'll need.

If you're an investor, or even if you've just made a profit on a sale, the gains you make will play a sizable role in the taxes you pay - regardless of when something was bought or sold. The gains and losses affect your income and how much you'll be taxed.

So what is the capital gains tax, how does it affect you, and when can your assets be exempt from it?

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