What is capital gains tax?
The Bankrate.com financial term of the day is: "capital gains tax."
Capital gains tax is a tax that's owed when you make money from selling stock or a piece of property. Uncle Sam gets a cut of your profits.
When you're holding investments or real estate and let them go at prices higher than you paid, your profits are subject to capital gains tax.
For up-to-date tax information, visit the Taxes section at Bankrate.com.
If you owe the IRS, you have several options for paying. But watch the fees.
The IRS offers several ways to pay your tax tab electronically.
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As the year winds down, tax planning is a must on the to-do list. Here are a few things to keep in mind.
Start gathering all your paperwork for the tax season.
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