1 $3,000 for married filing jointly taxpayers, $1,500 if for single or married filing separately taxpayers
2 Federal tax on income and gains are capped at 37% and 20%, respectively. An additional net investment income tax of 3.8% is also applied to capital gains, both short-term and long-term, for single filers with taxable income over $200,000 and married filers jointly with taxable income over $250,000. Long-term capital gains apply to assets held for more than 12 months.
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