Illinois Capital Gains Tax Calculator
Illinois taxes capital gains as ordinary income. Combined top rate: 28.8%.
Step 1: Your income before the capital gain
Your existing taxable income determines which federal capital gains bracket applies (0%, 15%, or 20%).
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Don't know your taxable income? Calculate it from gross income
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Standard deduction (single): $16,100
Or use the Illinois Income Tax Calculator for a detailed breakdown.
⚠️ This calculator provides estimates for educational purposes only. It is not financial, tax, or legal advice. Your actual results may vary.
Frequently Asked Questions
Does Illinois have a lower rate for long-term gains?
No. Unlike the federal government, Illinois does not offer a preferential rate for long-term capital gains. All gains are taxed at the flat 5.0% rate.
What is Illinois's capital gains tax rate?
Illinois taxes capital gains as ordinary income at a flat rate of 5.0%. This applies to both short-term and long-term gains at the state level.
What is the combined capital gains tax rate in Illinois?
The maximum combined rate is 28.8% (federal 20% + NIIT 3.8% + state 5.0%). Lower-income filers may qualify for the 0% or 15% federal rate.
Related Resources
Illinois Capital Gains Tax Information
Official Illinois tax information relevant to capital gains, including rates, forms, and filing resources.
Illinois Income Tax Calculator
Calculate your Illinois state and federal income tax
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