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%).
$
Don't know your taxable income? Calculate it from gross income
$
Standard deduction (single): $15,750
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
For informational purposes only.