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2024 Capital Gains Tax Rates by State. In addition to a federal capital gains tax, you might have to pay state capital gains taxes. Here's how each state taxes capital gains (if at all).
Discover the complexities of capital gains tax rates and how inflation plays a role. See more on state capital gains tax rates in 2024.
However, some may be surprised to learn that most U.S. states levy their own capital gains tax as well. In this article, we’ll highlight the top capital gains tax rate for each U.S. state, including which states have the highest rates and which levy no capital gains tax at all.
Capital gains tax rates in states vary considerably, from lows of 0% to a potential high of just over 13% (i.e., California, where the state's regular income tax rates apply to...
The long-term capital gains tax (CGT) rates can range from 0% up to 20% and are subject to several factors, discussed below. A number of states, including Texas, Alaska, and Florida, do not tax capital gains. California and New Jersey have the highest CGT, of 13.3% and 10.75% respectively.
You'll owe federal long-term capital gains tax at a maximum rate of 20% (as of 2024), plus the 3.8% net investment income tax (NIIT), and the California state capital gains tax at 13.3%. This results in a substantial reduction in your profit.
You’ll pay a tax rate of 0%, 15% or 20% on gains from the sale of most assets or investments held for more than one year. When calculating the holding period—or the amount of time you...
Includes short and long-term Federal and State Capital Gains Tax Rates for 2023 or 2024. Calculate the capital gains tax on a sale of real estate property, equipment, stock, mutual fund, or bonds. Requires only 7 inputs into a simple Excel spreadsheet.
Capital gains tax is the tax you pay after selling an asset that has increased in value. Assets subject to capital gains tax include stocks, real estate, and businesses. You pay...
The state with the highest top marginal capital gains tax rate is California (33 percent), followed by New York (31.5 percent), Oregon (31 percent) and Minnesota (30.9 percent).