Filing Status
Your filing status affects nearly every aspect of your tax return. The four main statuses are Single, Married Filing Jointly (MFJ), Married Filing Separately (MFS), and Head of Household (HOH). For capital gains, filing status determines the income thresholds for the 0%, 15%, and 20% brackets, as well as the NIIT threshold ($200K single, $250K MFJ).
Example
A married couple filing jointly can earn up to $98,900 in taxable income and pay 0% on long-term capital gains. A single filer hits the 15% rate at just $49,450.
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Alabama Capital Gains Tax
Alabama taxes capital gains as ordinary income using its progressive brackets.
Alabama Income Tax
Alabama does not levy a state income tax on earned income. Residents pay only federal income tax.
Alaska Capital Gains Tax
Alaska has no state capital gains tax. Residents pay only federal capital gains tax.
Alaska Income Tax
Alaska does not levy a state income tax on earned income. Residents pay only federal income tax.
Arizona Capital Gains Tax
Arizona taxes capital gains as ordinary income using its flat rate.
Arizona Income Tax
Arizona uses a flat income tax rate applied to all taxable income. Combined with federal tax, this determines your total income tax burden.
Arkansas Capital Gains Tax
Arkansas taxes capital gains as ordinary income using its progressive brackets.
Arkansas Income Tax
Arkansas uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
California Capital Gains Tax
California taxes capital gains as ordinary income using its progressive brackets.
California Income Tax
California has a progressive income tax with 9 brackets ranging from 1% to 12.3%, plus a 1% Behavioral Health Services Tax on income over $1 million, bringing the top rate to 13.3% — the highest in the nation. Most Californians pay an effective rate between 4% and 7%.
Colorado Capital Gains Tax
Colorado taxes capital gains as ordinary income using its flat rate.
Colorado Income Tax
Colorado uses a flat income tax rate applied to all taxable income. Combined with federal tax, this determines your total income tax burden.
Connecticut Capital Gains Tax
Connecticut taxes capital gains as ordinary income using its progressive brackets.
Connecticut Income Tax
Connecticut uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Delaware Capital Gains Tax
Delaware taxes capital gains as ordinary income using its progressive brackets.
Delaware Income Tax
Delaware uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Florida Capital Gains Tax
Florida has no state capital gains tax. Residents pay only federal capital gains tax.
Florida Income Tax
Florida does not levy a state income tax on earned income. Residents pay only federal income tax.
Georgia Capital Gains Tax
Georgia taxes capital gains as ordinary income using its flat rate.
Georgia Income Tax
Georgia uses a flat income tax rate applied to all taxable income. Combined with federal tax, this determines your total income tax burden.
Hawaii Capital Gains Tax
Hawaii offers a preferential rate on long-term capital gains, lower than ordinary income rates.
Hawaii Income Tax
Hawaii uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Idaho Capital Gains Tax
Idaho taxes capital gains as ordinary income using its flat rate.
Idaho Income Tax
Idaho uses a flat income tax rate applied to all taxable income. Combined with federal tax, this determines your total income tax burden.
Illinois Capital Gains Tax
Illinois taxes capital gains as ordinary income using its flat rate.
Illinois Income Tax
Illinois uses a flat income tax rate applied to all taxable income. Combined with federal tax, this determines your total income tax burden.
Income Tax Brackets
The U.S. federal income tax uses seven progressive brackets with rates from 10% to 37%. Each bracket rate only applies to the income within that range — not to your entire income.
Indiana Capital Gains Tax
Indiana taxes capital gains as ordinary income using its flat rate.
Indiana Income Tax
Indiana uses a flat income tax rate applied to all taxable income. Combined with federal tax, this determines your total income tax burden.
Iowa Capital Gains Tax
Iowa taxes capital gains as ordinary income using its flat rate.
Iowa Income Tax
Iowa uses a flat income tax rate applied to all taxable income. Combined with federal tax, this determines your total income tax burden.
Kansas Capital Gains Tax
Kansas taxes capital gains as ordinary income using its progressive brackets.
Kansas Income Tax
Kansas uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Kentucky Capital Gains Tax
Kentucky taxes capital gains as ordinary income using its flat rate.
Kentucky Income Tax
Kentucky uses a flat income tax rate applied to all taxable income. Combined with federal tax, this determines your total income tax burden.
Louisiana Capital Gains Tax
Louisiana taxes capital gains as ordinary income using its flat rate.
Louisiana Income Tax
Louisiana uses a flat income tax rate applied to all taxable income. Combined with federal tax, this determines your total income tax burden.
Maine Capital Gains Tax
Maine taxes capital gains as ordinary income using its progressive brackets.
Maine Income Tax
Maine uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Maryland Capital Gains Tax
Maryland taxes capital gains as ordinary income using its progressive brackets.
Maryland Income Tax
Maryland uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Massachusetts Capital Gains Tax
Massachusetts taxes capital gains as ordinary income using its flat rate.
Massachusetts Income Tax
Massachusetts uses a flat income tax rate applied to all taxable income. Combined with federal tax, this determines your total income tax burden.
Michigan Capital Gains Tax
Michigan taxes capital gains as ordinary income using its flat rate.
Michigan Income Tax
Michigan uses a flat income tax rate applied to all taxable income. Combined with federal tax, this determines your total income tax burden.
Minnesota Capital Gains Tax
Minnesota taxes capital gains as ordinary income using its progressive brackets.
Minnesota Income Tax
Minnesota uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Mississippi Capital Gains Tax
Mississippi taxes capital gains as ordinary income using its flat rate.
Mississippi Income Tax
Mississippi uses a flat income tax rate applied to all taxable income. Combined with federal tax, this determines your total income tax burden.
Missouri Capital Gains Tax
Missouri has no state capital gains tax. Residents pay only federal capital gains tax.
Missouri Income Tax
Missouri uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Montana Capital Gains Tax
Montana offers a preferential rate on long-term capital gains, lower than ordinary income rates.
Montana Income Tax
Montana uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Nebraska Capital Gains Tax
Nebraska taxes capital gains as ordinary income using its progressive brackets.
Nebraska Income Tax
Nebraska uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Nevada Capital Gains Tax
Nevada has no state capital gains tax. Residents pay only federal capital gains tax.
Nevada Income Tax
Nevada does not levy a state income tax on earned income. Residents pay only federal income tax.
New Hampshire Capital Gains Tax
New Hampshire has no state capital gains tax. Residents pay only federal capital gains tax.
New Hampshire Income Tax
New Hampshire does not levy a state income tax on earned income. Residents pay only federal income tax.
New Jersey Capital Gains Tax
New Jersey taxes capital gains as ordinary income using its progressive brackets.
New Jersey Income Tax
New Jersey uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
New Mexico Capital Gains Tax
New Mexico taxes capital gains as ordinary income using its progressive brackets.
New Mexico Income Tax
New Mexico uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
New York Capital Gains Tax
New York taxes capital gains as ordinary income using its progressive brackets.
New York Income Tax
New York uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
North Carolina Capital Gains Tax
North Carolina taxes capital gains as ordinary income using its flat rate.
North Carolina Income Tax
North Carolina uses a flat income tax rate applied to all taxable income. Combined with federal tax, this determines your total income tax burden.
North Dakota Capital Gains Tax
North Dakota offers a preferential rate on long-term capital gains, lower than ordinary income rates.
North Dakota Income Tax
North Dakota uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Ohio Capital Gains Tax
Ohio taxes capital gains as ordinary income using its progressive brackets.
Ohio Income Tax
Ohio uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Oklahoma Capital Gains Tax
Oklahoma taxes capital gains as ordinary income using its progressive brackets.
Oklahoma Income Tax
Oklahoma uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Oregon Capital Gains Tax
Oregon taxes capital gains as ordinary income using its progressive brackets.
Oregon Income Tax
Oregon uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Pennsylvania Capital Gains Tax
Pennsylvania taxes capital gains as ordinary income using its flat rate.
Pennsylvania Income Tax
Pennsylvania uses a flat income tax rate applied to all taxable income. Combined with federal tax, this determines your total income tax burden.
Rhode Island Capital Gains Tax
Rhode Island taxes capital gains as ordinary income using its progressive brackets.
Rhode Island Income Tax
Rhode Island uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
South Carolina Capital Gains Tax
South Carolina taxes capital gains as ordinary income using its progressive brackets.
South Carolina Income Tax
South Carolina uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
South Dakota Capital Gains Tax
South Dakota has no state capital gains tax. Residents pay only federal capital gains tax.
South Dakota Income Tax
South Dakota does not levy a state income tax on earned income. Residents pay only federal income tax.
Tennessee Capital Gains Tax
Tennessee has no state capital gains tax. Residents pay only federal capital gains tax.
Tennessee Income Tax
Tennessee does not levy a state income tax on earned income. Residents pay only federal income tax.
Texas Capital Gains Tax
Texas has no state capital gains tax. Residents pay only federal capital gains tax.
Texas Income Tax
Texas does not levy a state income tax on earned income. Residents pay only federal income tax.
Utah Capital Gains Tax
Utah taxes capital gains as ordinary income using its flat rate.
Utah Income Tax
Utah uses a flat income tax rate applied to all taxable income. Combined with federal tax, this determines your total income tax burden.
Vermont Capital Gains Tax
Vermont taxes capital gains as ordinary income using its progressive brackets.
Vermont Income Tax
Vermont uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Virginia Capital Gains Tax
Virginia taxes capital gains as ordinary income using its progressive brackets.
Virginia Income Tax
Virginia uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Washington Capital Gains Tax
Washington imposes a capital gains excise tax on long-term gains above a threshold. This is not an income tax.
Washington Income Tax
Washington does not levy a state income tax on earned income. Residents pay only federal income tax.
West Virginia Capital Gains Tax
West Virginia taxes capital gains as ordinary income using its progressive brackets.
West Virginia Income Tax
West Virginia uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Wisconsin Capital Gains Tax
Wisconsin taxes capital gains as ordinary income using its progressive brackets.
Wisconsin Income Tax
Wisconsin uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Wyoming Capital Gains Tax
Wyoming has no state capital gains tax. Residents pay only federal capital gains tax.
Wyoming Income Tax
Wyoming does not levy a state income tax on earned income. Residents pay only federal income tax.