Capital Gain Tax Rates by State

Trying to calculate your capital gains rate? Did you know that many, but not all, states impose state-level capital gains in addition to federal capital gains taxes? To make matters more complicated, not every state uses the same methodology.

State Capital Gains Tax Rates

Click or touch a state name for more information

Rank State Rates 2022 Rates 2021
1 California 13.30% 13.30%
2 New Jersey * 10.75% 10.75%
2 Washington D.C. 10.75% 8.95%
4 Oregon * 9.90% 9.90%
5 Minnesota 9.85% 9.85%
6 New York * 8.82% 8.82%
7 Vermont 8.75% 8.75%
8 Iowa * 8.53% 8.53%
9 Wisconsin * 7.65% 7.65%
10 Hawaii * 7.25% 7.25%
11 Maine 7.15% 7.15%
12 South Carolina * 7.00% 7.00%
12 Washington 7.00% 0.00%
14 Connecticut 6.99% 6.99%
15 Idaho 6.93% 6.93%
16 Montana * 6.90% 6.90%
17 Nebraska 6.84% 6.84%
18 Delaware * 6.60% 6.60%
19 West Virginia 6.50% 6.50%
20 Rhode Island 5.99% 5.99%
21 New Mexico * 5.90% 5.90%
22 Georgia 5.75% 5.75%
22 Maryland * 5.75% 5.75%
22 Virginia 5.75% 5.75%
25 Kansas 5.70% 5.70%
26 Arkansas * 5.50% 5.90%
27 Missouri * 5.40% 5.40%
28 Alabama * 5.00% 5.00%
28 Kentucky * 5.00% 5.00%
28 Massachusetts 5.00% 5.00%
28 Mississippi 5.00% 5.00%
32 North Carolina 4.99% 5.25%
33 Illinois 4.95% 4.95%
33 Utah 4.95% 4.95%
35 Ohio * 4.80% 4.80%
36 Oklahoma 4.75% 5.00%
37 Colorado 4.55% 4.55%
38 Arizona 4.50% 4.50%
39 Louisiana 4.25% 6.00%
39 Michigan * 4.25% 4.25%
41 Indiana * 3.23% 3.23%
42 Pennsylvania * 3.07% 3.07%
43 North Dakota * 2.90% 2.90%
44 Alaska 0.00% 0.00%
44 Florida 0.00% 0.00%
44 Nevada 0.00% 0.00%
44 New Hampshire 0.00% 0.00%
44 South Dakota 0.00% 0.00%
44 Tennessee 0.00% 0.00%
44 Texas 0.00% 0.00%
44 Wyoming 0.00% 0.00%
States either allow a taxpayer to deduct their federal taxes from your state taxable income, have local income taxes, or have special tax treatment of capital gains income.

Real estate, retirement savings accounts, livestock, and timber are exempt for capital gain taxation in the state of Washington.

Source: Tax Foundation. State Individual Income Tax Rates and Brackets for 2022. Data as of March 2022. Tax Foundation State Tax Changes Effective January 2022
Notes
  • Values shown do not include depreciation recapture taxes.
  • AK, FL, NV, NH, SD, TN, TX, WA, and WY have no state capital gains tax.
  • AL, AR, DE, HI, IN, IA, KY, MD, MO, MT, NJ, NM, NY, ND, OR, OH, PA, SC, and WI either allow taxpayer to deduct their federal taxes from state taxable income, have local income taxes, or have special tax treatment of capital gains income.
  • This material is for general information and educational purposes only. Information is based on data gathered from what we believe are reliable sources. It is not guaranteed as to accuracy, does not purport to be complete and is not intended to be used as a primary basis for investment decisions.
  • Realized does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance.

laptop-capital-gains-calculator-spreadsheet

Need to figure out your Capital Gains Tax liability on a sale of an asset? The Capital Gains Tax Calculator is designed to provide you an estimate on the cap gains tax owed after selling an asset or property.

  • Includes short and long-term Federal and State Capital Gains Tax Rates for 2021 or 2022.
  • 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.
  • Additional inputs available for calculating adjusted tax basis and depreciation recapture including depreciation, debt, and closing costs.

Download the Capital Gains Calculator


The Investor's Cap Gains Guidebook

Download The Guide To Capital Gains

Re-invest your capital gains. Defer or Eliminate Taxable Income.

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