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 2019 Rates 2020
1 California 13.30% 13.30%
2 Hawaii * 11.00% 11.00%
3 New Jersey * 10.75% 10.75%
4 Oregon * 9.90% 9.90%
5 Minnesota 9.85% 9.85%
6 Washington D.C. 8.95% 8.95%
7 New York * 8.82% 8.82%
8 Vermont 8.75% 8.75%
9 Iowa * 8.53% 8.53%
10 Wisconsin * 7.65% 7.65%
11 Maine 7.15% 7.15%
12 South Carolina * 7.00% 7.00%
13 Connecticut 6.99% 6.99%
14 Idaho 6.93% 6.93%
15 Montana * 6.90% 6.90%
16 Nebraska 6.84% 6.84%
17 Delaware * 6.60% 6.60%
18 West Virginia 6.50% 6.50%
19 Louisiana 6.00% 6.00%
20 Rhode Island 5.99% 5.99%
21 Georgia 5.75% 5.75%
21 Maryland * 5.75% 5.75%
21 Virginia 5.75% 5.75%
24 Kansas 5.70% 5.70%
25 Missouri * 5.40% 5.40%
26 North Carolina 5.25% 5.25%
27 Alabama * 5.00% 5.00%
27 Kentucky * 5.00% 5.00%
27 Massachusetts 5.05% 5.00%
27 Mississippi 5.00% 5.00%
27 New Hampshire 5.00% 5.00%
27 Oklahoma 5.00% 5.00%
33 Illinois 4.95% 4.95%
33 Utah 4.95% 4.95%
35 New Mexico * 4.90% 4.90%
36 Ohio * 4.80% 4.80%
37 Colorado 4.63% 4.63%
38 Arizona 4.50% 4.50%
39 Michigan * 4.25% 4.25%
40 Arkansas * 6.90% 6.60%
41 Indiana * 3.23% 3.23%
42 Pennsylvania * 3.07% 3.07%
43 North Dakota * 2.90% 2.90%
44 Tennessee 2.00% 1.00%
45 Alaska 0.00% 0.00%
45 Florida 0.00% 0.00%
45 Nevada 0.00% 0.00%
45 South Dakota 0.00% 0.00%
45 Texas 0.00% 0.00%
45 Washington 0.00% 0.00%
45 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.
Source: Tax Foundation. State Individual Income Tax Rates and Brackets for 2020. Data as of March 2020.
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.

Capital Gains Calculator

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 2019 Federal and State Capital Gains Tax Rates.
  • 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