U.S. President Donald Trump waves while boarding Air Force One, as he departs for Alaska to meet with Russian President Vladimir Putin to negotiate for an end to the war in Ukraine, from Joint Base Andrews in Maryland, U.S., Aug. 15, 2025. (Reuters/Kevin Lamarque/File)
Share
|
Getting your Trinity Audio player ready...
|
CNBC reported that some investors could benefit from paying no federal taxes on certain investment profits in 2025 under President Donald Trump’s “big beautiful bill,” financial experts say.
For 2025, single filers qualify for the 0% long-term capital gains rate with taxable income of $48,350 or less, while married couples qualify at $96,700 or less. New deductions under Trump’s legislation could expand eligibility by lowering taxable income.
The standard deduction increased to $15,750 for single filers and $31,500 for couples. Trump’s plan also added a temporary $6,000 tax break — $12,000 for couples — for Americans age 65 and older, subject to income limits.
“That’s going to be a game changer,” said Tommy Lucas, a certified financial planner in Orlando, Florida.
Experts say the changes offer investors opportunities to harvest gains tax-free or reset an asset’s cost basis to reduce future taxes.
RELATED TOPICS:
Categories
Did Fresno Restaurateur Bobby Salazar Commit Arson? Feds Lay Out Their Case
Hanford Police Arrest Two Teens After Shootouts Leave 17-Year-Old Wounded
Israeli Foreign Minister Saar Says There Will Not Be a Palestinian State
All UN Security Council Members, Except US, Say Famine in Gaza Is ‘Man-Made Crisis’
Trump’s Tax Bill Expands 0% Capital Gains Eligibility in 2025
