Irs Capital Gains Tax Tax Free Limit 2024. In 2024, individuals' taxable income can be up to $47,025 to skip capital gains taxes with a 0% rate. If you have a capital gain from the sale of your main home, you may qualify to exclude up to $250,000 of that gain from your income, or up to $500,000 of that gain.

The 20% rate threshold rose from $553,850 to $583,750. Budget 2024 has increased the limit of exemption of capital gains on listed equity and equity oriented mutual funds to rs 1.25 lakh per annum from the existing rs.