1031 Exchange New York

New York Opportunity Zones

Capital Gains Rates

State Rate 10.90%

Local Rate 1.87%

Deduction None

Combined Rate 35.90%

Additional State Capital Gains Tax Information for New York

The Combined Rate accounts for Federal, State, and Local tax rate on capital gains income, the 3.8 percent Surtax on capital gains and the marginal effect of Pease Limitations (which results in a tax rate increase of 1.18 percent).

Additional State Income Tax Information for New York

New York has "tax benefit recapture," by which many high-income taxpayers pay their top tax rate on all income, not just on amounts above the benefit threshold.

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