Do I need to pay capital gains?

[marywantsmoney]

I've read a few articles that state that if you make under a certain amount per year, you don't need to pay capital gains? But I'm confused on the numbers. Most of the articles are 3 or 4 years old. Can anyone shed some light on this for me? I have stock from my company's ESPP that I'd like to get rid of. I've held onto it for more than 1-year. Can I get by not having to pay gains? Thank you!

[disneysteve]

I've read a few articles that state that if you make under a certain amount per year, you don't need to pay capital gains? But I'm confused on the numbers.

If you are in the 10% or 15% tax bracket, long term capital gains are not taxed.

"For the 2015 tax year, the 15 percent tax bracket tops out at $37,450 for a single filer; $50,200 for a head of household taxpayer; and $74,900 for a married couple filing a joint return." - taken from Bankrate.com

[MonkeyMama]

Just keep in mind that the ESPP can put you into a higher tax bracket. You'd have to be in the lower tax brackets with the ESPP income, for it to be tax-free.

[marywantsmoney]

If you are in the 10% or 15% tax bracket, long term capital gains are not taxed.

"For the 2015 tax year, the 15 percent tax bracket tops out at $37,450 for a single filer; $50,200 for a head of household taxpayer; and $74,900 for a married couple filing a joint return." - taken from Bankrate.com

That's great news! I'll wait to my stuff to become long-term and then sell, baby! Most of it should be in long-term range already!