IRS unveils higher capital gains tax brackets for 2027
Image: CNBC
The IRS has unveiled higher capital gains tax brackets for 2027.
In its announcement Thursday, the agency boosted the taxable income limits for the long-term capital gains brackets, which apply to assets owned for more than one year.
It also increased figures for dozens of other provisions, including federal income tax brackets, the estate and gift tax exemption, and eligibility for the earned income tax credit, among others.
Despite post-election stock market volatility, many long-term investors hold profitable assets after years of market growth.
The new capital gains brackets could impact investors' 2027 plans for sales or rebalancing, which can trigger taxes for brokerage account investments.
This page shows only an excerpt. The full story is published by CNBC.
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