For tax year 2019, the maximum capital gain tax rates are 0%, 15%, 20%, 25%, and 28%.
The 28% maximum rate applies to gains from the sale of collectibles held more than one year. Gains or losses subject to the 28% rate are reported in column (h) of Schedule D, Part II. Taxpayers with gain subject to the 28% rate are required to use the Schedule D Tax Worksheet to compute the tax.
The 25% maximum rate applies to unrecaptured §1250 gain computed on sales of property held more than one year. Unrecaptured §1250 gain is reported on Form 4797, Sales of Business Property, and is also entered on line 19 of Schedule D. Taxpayers with unrecaptured §1250 gains are required to use the Schedule D Tax Worksheet to compute their tax.
The new income breakpoints are applied to the following capital gains rates.