Yes it is true! For 2008 through 2010, the long-term capital gains* rate for some investors will drop to zero. But before you start planning a fire sale of your stocks and mutual funds, make sure you’ll be eligible for this tax break. The zero-percent capital gains tax rate will only apply to those individuals who are in a 10% and 15% tax bracket.
Currently, the top long-term capital gains rate is 15% compared to a maximum ordinary income tax rateRead More