Capital Gains Tax 2024 Married Filing Jointly In India . If you meet those rules, you can exclude up to $250,000 in gains from a home sale if you’re single, and up to $500,000 if you’re married filing jointly. What are the major changes brought about in the taxation of capital gains by the finance (no.2) bill, 2024?
The 0% rate threshold increased by 5.4%, from $89,250 in 2023 to $94,050. For the 2024 tax year, you won’t pay any capital gains tax if your total taxable income is $47,025 or less.
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