Are you concerned about the rising cost of long-term care? Are you worried about not being able to leave your spouse or kids the assets that you’ve worked so hard to save? If so, then I'm going ...

Learn about our editorial policies A capital gains tax is imposed on the sale of an asset. The long-term capital gains tax rates for the 2025 tax year are 0%, 15%, or 20% of the profit ...

Other assets that appear in the balance sheet are called long-term or fixed assets because they're durable and will last more than one year. Examples of long-term assets include the following.

If the asset was held for more than a year, the profits from the sale are categorized as long-term gains and taxed at 0%, 15%, or 20%, depending on the taxpayer's income. If the asset holding ...