|
Capital Gains Tax Rate by State
|
If you have any
corrections/updates/further information, please contact us at 866.283.7327 or
email us at info@structuredsalesgroup.com.
Thanks!!
|
State
|
Top Marginal
|
Capital Gains
Short Term
|
Capital
Gains
Long
Term
|
Notes
|
Alabama
|
5
|
5
|
5
|
|
Alaska
|
0
|
0
|
0
|
No state
income tax
|
Arizona
|
4.79
|
4.79
|
4.79
|
|
Arkansas
|
7
|
7
|
4.9
|
Capital
gain rate is 70% of state tax rate for long-term gains
|
California
|
9.3
|
9.3
|
9.3
|
|
Colorado
|
4.63
|
4.63
|
4.63
|
Allows
$1,200 ($2,400 married) credit for capital gains; no tax on capital gains for
in-state businesses. Property bought before 1994 or held for 5 yrs has no CO
capital gains tax
|
Connecticut
|
5
|
5
|
5
|
|
Delaware
|
5.95
|
5.95
|
5.95
|
|
DC
|
8.7
|
8.7
|
8.7
|
|
Florida
|
0
|
0
|
0
|
No state
income tax (high transfer taxes)
|
Georgia
|
6
|
6
|
6
|
|
Hawaii
|
8.25
|
8.25
|
8.25
|
|
Idaho
|
7.8
|
7.8
|
7.8
|
60%
reduction in capital gains provided for cap gains produced in Idaho
|
Illinois
|
3
|
3
|
3
|
Flat rate
|
Indiana
|
3.4
|
3.4
|
3.4
|
Flat rate
|
Iowa
|
8.98
|
8.98
|
8.98
|
|
Kansas
|
6.45
|
6.45
|
6.45
|
|
Kentucky
|
6
|
6
|
6
|
|
Louisiana
|
6
|
6
|
6
|
|
Maine
|
8.5
|
8.5
|
8.5
|
|
Maryland
|
4.75
|
4.75
|
4.75
|
|
Massachusetts
|
5.3
|
5.3
|
5.3
|
Flat
rate; long-term gain taxed at lower rates based on length of time security
has been held
|
Michigan
|
3.9
|
3.9
|
3.9
|
Flat rate
|
Minnesota
|
7.85
|
7.85
|
7.85
|
|
Mississippi
|
5
|
5
|
5
|
|
Missouri
|
6
|
6
|
6
|
|
Montana
|
6.9
|
6.9
|
6.9
|
|
Nebraska
|
6.84
|
6.84
|
6.84
|
|
Nevada
|
0
|
0
|
0
|
No state income tax
|
New
Hampshire
|
0
|
0
|
0
|
State
income tax on dividends and interest only
|
New
Jersey
|
8.97
|
8.97
|
8.97
|
|
New
Mexico
|
5.3
|
5.3
|
5.3
|
|
New York
|
6.85
|
6.85
|
6.85
|
|
North
Carolina
|
8
|
8
|
8
|
|
North
Dakota
|
5.54
|
5.54
|
5.54
|
|
Ohio
|
6.87
|
6.87
|
6.87
|
|
Oklahoma
|
6.65
|
6.65
|
6.65
|
|
Oregon
|
9
|
9
|
9
|
|
Pennsylvania
|
3.07
|
3.07
|
3.07
|
Flat rate
|
Rhode
Island
|
10.1
|
5.1
|
5.1
|
25.5%
federal tax liability for income and cap gains. State rate applies to federal
tax liability.
|
South
Carolina
|
7
|
7
|
3.92
|
|
South
Dakota
|
0
|
0
|
0
|
No state
income tax
|
Tennesee
|
0
|
0
|
0
|
State
income tax on dividends & interest only
|
Texas
|
0
|
0
|
0
|
No state
income tax
|
Utah
|
6.98
|
6.98
|
6.98
|
|
Vermont
|
9.5
|
4.8
|
4.8
|
24%
federal tax liability for income and cap gains. State rate applies to federal
tax liability.
|
Virginia
|
5.75
|
5.75
|
5.75
|
|
Washington
|
0
|
0
|
0
|
No state
income tax
|
West
Virginia
|
6.5
|
6.5
|
6.5
|
|
Wisconsin
|
6.75
|
6.75
|
2.7
|
|
Wyoming
|
0
|
0
|
0
|
No state
income tax
|
