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What Is The Long Term Capital Gains Tax 2024 Married Jointly. Long term capital gains (366 days or more) are taxed at the rates in the table above. If the home is jointly owned and the sale triggers capital gains, each spouse is eligible for a $250,000 tax exemption on their share of the gain ($500,000 if they file jointly).

If the home is jointly owned and the sale triggers capital gains, each spouse is eligible for a $250,000 tax exemption on their share of the gain ($500,000 if they file jointly). Remember, this isn’t for the tax return you file in 2025, but rather, any gains you incur from.