Question: at what income level do you not pay capital gains tax?
Answer: Long-term capital gains tax rates for the 2020 tax year For example, in 2020, a single person won't pay any capital gains tax if their total taxable income is $40,000 or below. However, they'll pay 15 percent on capital gains if their income is $40,001 to $441,450. Above that income level, the rate jumps to 20 percent.