1031 Exchange North Dakota

North Dakota Opportunity Zones

Capital Gains Rates

State Rate 2.50%

Local Rate 0.00%

Deduction 30% exclusion

Combined Rate 27.50%

Additional State Capital Gains Tax Information for North Dakota

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). The Combined Rate does not account for North Dakota's allowance of a 30% State exclusion of Federally taxable capital gains.

Additional State Income Tax Information for North Dakota

Bracket levels adjusted for inflation each year. Release dates for tax bracket inflation adjustments vary by state and may fall after the end of the applicable tax year. Deduction or exemption tied to federal tax system. Federal deductions and exemptions are indexed for inflation. Federal Taxable income is the starting point for North Dakota, so the federal standard deduction and exemptions are built in.

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Source: Tax Foundation State Individual Tax Rates and Brackets for 2020 as of March 2020