Money What is capital gains tax in simple terms? A guide to 2023 rates, long-term vs. short-term January 24, 2023January 31, 2023 Anna Kaufman, USA TODAY Comments Off on What is capital gains tax in simple terms? A guide to 2023 rates, long-term vs. short-term Figuring out how much you owe in capital gains taxes for 2023? Here's what you'll need to know before filing.