Capital Gains Taxes Explained: Short-Term Capital Gains vs. Long-Term Capital Gains

One of the main ways to profit from investing is to buy assets at one price and then sell them at a higher price. These types of profits are known as capital gains. As with most kinds of profits, they're subject to taxes. There are two types of capital gains: short term and long term. Taxes can impact the growth of your portfolio, so it's important to understand how capital gains taxes work and learn some strategies that could potentially minimize them. Consult with the IRS for the latest information on capital gains tax rates: https://www.irs.gov/taxtopics/tc409 Consult with the IRS for the latest information on tax brackets: https://www.irs.gov/filing/federal-in... All corporate names and market data shown are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Subscribe to our channel: https://bit.ly/SubscribeCharlesSchwab   Check out more Insights & Education from Charles Schwab: https://www.schwab.com/learn   Connect with Charles Schwab: Facebook:   / charlesschwab   X: https://www.x.com/CharlesSchwab   Open an account with Charles Schwab: https://www.schwab.com/open-an-account (0825-UEKR)