Break down the complexities of capital gains tax brackets in the foreign exchange market with a look at how, when, and which taxes apply. Working with an experienced tax professional and advisor, it is possible to understand the taxation laws and how they affect individual traders. Understanding capital gains tax brackets can help traders maximize their profits while also remaining in compliance with the law. For the 2019 tax year, capital gains are taxed at the following rates:
0%: If you are in the 10% or 12% tax bracket
15%: If you are in the 22%, 24%, 32%, 35%, or 37% tax bracket
20%: If you are in the highest tax bracket of 37%
