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

RankStateRates 2019Rates 2020
45Wyoming0.00%0.00%
10Wisconsin *7.65%7.65%
18West Virginia6.50%6.50%
45Washington0.00%0.00%
6Washington D.C.8.95%8.95%
21Virginia5.75%5.75%
8Vermont8.75%8.75%
33Utah4.95%4.95%
45Texas0.00%0.00%
44Tennessee2.00%1.00%
45South Dakota0.00%0.00%
12South Carolina *7.00%7.00%
20Rhode Island5.99%5.99%
42Pennsylvania *3.07%3.07%
4Oregon *9.90%9.90%
27Oklahoma5.00%5.00%
36Ohio *4.80%4.80%
43North Dakota *2.90%2.90%
26North Carolina5.25%5.25%
7New York *8.82%8.82%
35New Mexico *4.90%4.90%
3New Jersey *10.75%10.75%
27New Hampshire5.00%5.00%
45Nevada0.00%0.00%
16Nebraska6.84%6.84%
15Montana *6.90%6.90%
25Missouri *5.40%5.40%
27Mississippi5.00%5.00%
5Minnesota9.85%9.85%
39Michigan *4.25%4.25%
27Massachusetts5.05%5.00%
21Maryland *5.75%5.75%
11Maine7.15%7.15%
19Louisiana6.00%6.00%
27Kentucky *5.00%5.00%
24Kansas5.70%5.70%
9Iowa *8.53%8.53%
41Indiana *3.23%3.23%
33Illinois4.95%4.95%
14Idaho6.93%6.93%
2Hawaii *11.00%11.00%
21Georgia5.75%5.75%
45Florida0.00%0.00%
17Delaware *6.60%6.60%
13Connecticut6.99%6.99%
37Colorado4.63%4.63%
1California13.30%13.30%
40Arkansas *6.90%6.60%
38Arizona4.50%4.50%
45Alaska0.00%0.00%
27Alabama *5.00%5.00%

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.

If what you are earmarked to pay is hefty – contact me well before due date to restructure or at least minimize your tax burden
Find me here: https://www.linkedin.com/in/linkden/

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.

Please consult the appropriate professional regarding your individual circumstance.