'The IRS Unveils Higher Capital Gains Tax Brackets For 2025' - CNBC
Portfolio Pulse from Benzinga Newsdesk
The IRS has announced higher capital gains tax brackets for 2025, allowing single filers to earn up to $48,350 and married couples up to $96,700 in taxable income while still paying 0% on long-term capital gains. The standard deduction will also increase to $15,000 for singles and $30,000 for couples.
October 22, 2024 | 2:28 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The IRS's increase in capital gains tax brackets for 2025 may influence investor behavior, potentially affecting SPY as it represents a broad market index. Higher income limits for 0% capital gains could encourage more investment in equities.
The IRS's announcement of higher capital gains tax brackets for 2025 could lead to increased investment in equities, as more investors may qualify for the 0% rate. This could positively impact SPY, which tracks the S&P 500, as it may see increased demand from investors looking to capitalize on favorable tax conditions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50