Topics
Financial concepts explained in plain English, with links to calculators and official sources.
Alabama Capital Gains Tax
Alabama taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
Alabama Income Tax
Alabama does not levy a state income tax on earned income. Residents pay only federal income tax.
Applies to: 2025
Alabama Unemployment Benefits
Alabama provides up to $275/week in unemployment benefits for 14–20 weeks. Benefits are calculated using 1/26 of the average of wages in the two highest-paid quarters of the base period.
Applies to: 2026
Alaska Capital Gains Tax
Alaska has no state capital gains tax. Residents pay only federal capital gains tax.
Applies to: 2026
Alaska Income Tax
Alaska does not levy a state income tax on earned income. Residents pay only federal income tax.
Applies to: 2025
Alaska Unemployment Benefits
Alaska provides up to $370/week in unemployment benefits for 16–26 weeks. Benefits are calculated using statutory table based on base period wages.
Applies to: 2026
Arizona Capital Gains Tax
Arizona taxes capital gains as ordinary income using its flat rate.
Applies to: 2026
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.
Applies to: 2025
Arizona Unemployment Benefits
Arizona provides up to $320/week in unemployment benefits for 24–26 weeks. Benefits are calculated using 4% of highest quarter wages in base period.
Applies to: 2026
Arkansas Capital Gains Tax
Arkansas taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
Arkansas Income Tax
Arkansas uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Applies to: 2025
Arkansas Unemployment Benefits
Arkansas provides up to $451/week in unemployment benefits for 12 weeks. Benefits are calculated using 1/26 of average quarterly wages in base period (total base period wages / 104).
Applies to: 2026
Business Valuation for Digital Businesses
A small digital business is typically worth its Seller's Discretionary Earnings (SDE) multiplied by an industry-specific multiple. In 2026, multiples range from 1.5x for consulting firms to 6.0x for SaaS businesses, depending on business type, growth, recurring revenue, and owner dependency.
Applies to: 2026
California Capital Gains Tax
California taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
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%.
Applies to: 2025
California Unemployment Benefits
California provides up to $450/week in unemployment benefits for 26 weeks. Benefits are calculated using highest quarter wages / 26.
Applies to: 2026
Colorado Capital Gains Tax
Colorado taxes capital gains as ordinary income using its flat rate.
Applies to: 2026
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.
Applies to: 2025
Colorado Unemployment Benefits
Colorado provides up to $844/week in unemployment benefits for 26 weeks. Benefits are calculated using higher of: highest 2 consecutive quarters / 26 × 0.60, or total base period wages / 52 / 2.
Applies to: 2026
Connecticut Capital Gains Tax
Connecticut taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
Connecticut Income Tax
Connecticut uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Applies to: 2025
Connecticut Unemployment Benefits
Connecticut provides up to $721/week in unemployment benefits for 26 weeks. Benefits are calculated using average of two highest quarters / 26.
Applies to: 2026
Contractor vs Employee Compensation
Contractors typically need to charge 40-70% more per hour than the equivalent employee hourly rate to achieve comparable take-home pay, because they cover self-employment tax (15.3%), health insurance, retirement, PTO, and business expenses themselves.
Applies to: 2025
Delaware Capital Gains Tax
Delaware taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
Delaware Income Tax
Delaware uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Applies to: 2025
Delaware Unemployment Benefits
Delaware provides up to $450/week in unemployment benefits for 26 weeks. Benefits are calculated using 1/46 of total wages in the two highest-paid quarters of base period.
Applies to: 2026
Employee Salary Equivalent
An employee salary that matches your contractor income is typically 25-40% lower than your contractor gross, because the employer covers half of FICA taxes, provides benefits, and gives paid time off that you currently fund yourself.
Applies to: 2025
Florida Capital Gains Tax
Florida has no state capital gains tax. Residents pay only federal capital gains tax.
Applies to: 2026
Florida Income Tax
Florida does not levy a state income tax on earned income. Residents pay only federal income tax.
Applies to: 2025
Florida Unemployment Benefits
Florida provides up to $275/week in unemployment benefits for 12–23 weeks. Benefits are calculated using highest quarter wages / 26.
Applies to: 2026
Georgia Capital Gains Tax
Georgia taxes capital gains as ordinary income using its flat rate.
Applies to: 2026
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.
Applies to: 2025
Georgia Unemployment Benefits
Georgia provides up to $365/week in unemployment benefits for 14–26 weeks. Benefits are calculated using two highest quarters of base period wages / 42.
Applies to: 2026
Hawaii Capital Gains Tax
Hawaii offers a preferential rate on long-term capital gains, lower than ordinary income rates.
Applies to: 2026
Hawaii Income Tax
Hawaii uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Applies to: 2025
Hawaii Unemployment Benefits
Hawaii provides up to $868/week in unemployment benefits for 26 weeks. Benefits are calculated using high-quarter wages / 21.
Applies to: 2026
Idaho Capital Gains Tax
Idaho taxes capital gains as ordinary income using its flat rate.
Applies to: 2026
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.
Applies to: 2025
Idaho Unemployment Benefits
Idaho provides up to $624/week in unemployment benefits for 10–26 weeks. Benefits are calculated using 1/26 of highest quarter wages in base period.
Applies to: 2026
Illinois Capital Gains Tax
Illinois taxes capital gains as ordinary income using its flat rate.
Applies to: 2026
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.
Applies to: 2025
Illinois Unemployment Benefits
Illinois provides up to $628/week in unemployment benefits for 26 weeks. Benefits are calculated using (two highest quarter wages × 47%) / 26.
Applies to: 2026
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.
Applies to: 2025
Indiana Capital Gains Tax
Indiana taxes capital gains as ordinary income using its flat rate.
Applies to: 2026
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.
Applies to: 2025
Indiana Unemployment Benefits
Indiana provides up to $390/week in unemployment benefits for 8–26 weeks. Benefits are calculated using total base-period wages / 52 × 0.47.
Applies to: 2026
Iowa Capital Gains Tax
Iowa taxes capital gains as ordinary income using its flat rate.
Applies to: 2026
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.
Applies to: 2025
Iowa Unemployment Benefits
Iowa provides up to $763/week in unemployment benefits for 16 weeks. Benefits are calculated using highest quarter wages divided by 23 (0 dependents) to 19 (4+ dependents).
Applies to: 2026
Kansas Capital Gains Tax
Kansas taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
Kansas Income Tax
Kansas uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Applies to: 2025
Kansas Unemployment Benefits
Kansas provides up to $637/week in unemployment benefits for 16–26 weeks. Benefits are calculated using 4.25% of highest quarter wages in base period.
Applies to: 2026
Kentucky Capital Gains Tax
Kentucky taxes capital gains as ordinary income using its flat rate.
Applies to: 2026
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.
Applies to: 2025
Kentucky Unemployment Benefits
Kentucky provides up to $720/week in unemployment benefits for 16–24 weeks. Benefits are calculated using 1.1923% of total base period wages.
Applies to: 2026
Louisiana Capital Gains Tax
Louisiana taxes capital gains as ordinary income using its flat rate.
Applies to: 2026
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.
Applies to: 2025
Louisiana Unemployment Benefits
Louisiana provides up to $282/week in unemployment benefits for 12–20 weeks. Benefits are calculated using 1/25 of average quarterly wages (total base period wages / 4 / 25).
Applies to: 2026
Maine Capital Gains Tax
Maine taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
Maine Income Tax
Maine uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Applies to: 2025
Maine Unemployment Benefits
Maine provides up to $649/week in unemployment benefits for 1–26 weeks. Benefits are calculated using average of 2 highest quarter wages / 22.
Applies to: 2026
Maryland Capital Gains Tax
Maryland taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
Maryland Income Tax
Maryland uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Applies to: 2025
Maryland Unemployment Benefits
Maryland provides up to $430/week in unemployment benefits for 26 weeks. Benefits are calculated using high-quarter wages / 24 (benefit schedule).
Applies to: 2026
Massachusetts Capital Gains Tax
Massachusetts taxes capital gains as ordinary income using its flat rate.
Applies to: 2026
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.
Applies to: 2025
Massachusetts Unemployment Benefits
Massachusetts provides up to $1,105/week in unemployment benefits for 10–30 weeks. Benefits are calculated using 50% of average weekly wage (sum of two highest quarters / 26).
Applies to: 2026
Michigan Capital Gains Tax
Michigan taxes capital gains as ordinary income using its flat rate.
Applies to: 2026
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.
Applies to: 2025
Michigan Unemployment Benefits
Michigan provides up to $530/week in unemployment benefits for 14–26 weeks. Benefits are calculated using 4.1% of highest quarter wages in base period.
Applies to: 2026
Minnesota Capital Gains Tax
Minnesota taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
Minnesota Income Tax
Minnesota uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Applies to: 2025
Minnesota Unemployment Benefits
Minnesota provides up to $948/week in unemployment benefits for 1–26 weeks. Benefits are calculated using higher of: total base period wages / 52, or highest quarter wages / high-quarter divisor.
Applies to: 2026
Mississippi Capital Gains Tax
Mississippi taxes capital gains as ordinary income using its flat rate.
Applies to: 2026
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.
Applies to: 2025
Mississippi Unemployment Benefits
Mississippi provides up to $235/week in unemployment benefits for 1–26 weeks. Benefits are calculated using highest quarter wages / 26.
Applies to: 2026
Missouri Capital Gains Tax
Missouri has no state capital gains tax. Residents pay only federal capital gains tax.
Applies to: 2026
Missouri Income Tax
Missouri uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Applies to: 2025
Missouri Unemployment Benefits
Missouri provides up to $320/week in unemployment benefits for 20 weeks. Benefits are calculated using 4% of the average of the two highest quarterly wages in base period.
Applies to: 2026
Montana Capital Gains Tax
Montana offers a preferential rate on long-term capital gains, lower than ordinary income rates.
Applies to: 2026
Montana Income Tax
Montana uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Applies to: 2025
Montana Unemployment Benefits
Montana provides up to $698/week in unemployment benefits for 8–28 weeks. Benefits are calculated using lower of: 1% of total base period wages or 1.9% of wages in two highest quarters.
Applies to: 2026
Nebraska Capital Gains Tax
Nebraska taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
Nebraska Income Tax
Nebraska uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Applies to: 2025
Nebraska Unemployment Benefits
Nebraska provides up to $582/week in unemployment benefits for 26 weeks. Benefits are calculated using high-quarter wages / 13 / 2 (50% of average weekly wage from highest quarter).
Applies to: 2026
Nevada Capital Gains Tax
Nevada has no state capital gains tax. Residents pay only federal capital gains tax.
Applies to: 2026
Nevada Income Tax
Nevada does not levy a state income tax on earned income. Residents pay only federal income tax.
Applies to: 2025
Nevada Unemployment Benefits
Nevada provides up to $631/week in unemployment benefits for 26 weeks. Benefits are calculated using 1/25 of highest-quarter wages in base period.
Applies to: 2026
New Hampshire Capital Gains Tax
New Hampshire has no state capital gains tax. Residents pay only federal capital gains tax.
Applies to: 2026
New Hampshire Income Tax
New Hampshire does not levy a state income tax on earned income. Residents pay only federal income tax.
Applies to: 2025
New Hampshire Unemployment Benefits
New Hampshire provides up to $427/week in unemployment benefits for 26 weeks. Benefits are calculated using statutory table based on total annual base-period earnings.
Applies to: 2026
New Jersey Capital Gains Tax
New Jersey taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
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.
Applies to: 2025
New Jersey Unemployment Benefits
New Jersey provides up to $905/week in unemployment benefits for 1–26 weeks. Benefits are calculated using 60% of average weekly wage during base year.
Applies to: 2026
New Mexico Capital Gains Tax
New Mexico taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
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.
Applies to: 2025
New Mexico Unemployment Benefits
New Mexico provides up to $598/week in unemployment benefits for 26 weeks. Benefits are calculated using 53.5% of average weekly wage in highest quarter of base period.
Applies to: 2026
New York Capital Gains Tax
New York taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
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.
Applies to: 2025
New York Unemployment Benefits
New York provides up to $869/week in unemployment benefits for 26 weeks. Benefits are calculated using high-quarter wages / 26.
Applies to: 2026
North Carolina Capital Gains Tax
North Carolina taxes capital gains as ordinary income using its flat rate.
Applies to: 2026
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.
Applies to: 2025
North Carolina Unemployment Benefits
North Carolina provides up to $350/week in unemployment benefits for 12–20 weeks. Benefits are calculated using last two quarters of base period wages / 52.
Applies to: 2026
North Dakota Capital Gains Tax
North Dakota offers a preferential rate on long-term capital gains, lower than ordinary income rates.
Applies to: 2026
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.
Applies to: 2025
North Dakota Unemployment Benefits
North Dakota provides up to $815/week in unemployment benefits for 12–26 weeks. Benefits are calculated using highest 2.5 quarters of base period wages / 65.
Applies to: 2026
Ohio Capital Gains Tax
Ohio taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
Ohio Income Tax
Ohio uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Applies to: 2025
Ohio Unemployment Benefits
Ohio provides up to $842/week in unemployment benefits for 20–26 weeks. Benefits are calculated using 50% of average weekly wage.
Applies to: 2026
Oklahoma Capital Gains Tax
Oklahoma taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
Oklahoma Income Tax
Oklahoma uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Applies to: 2025
Oklahoma Unemployment Benefits
Oklahoma provides up to $649/week in unemployment benefits for 16–20 weeks. Benefits are calculated using highest quarter wages / 23.
Applies to: 2026
Oregon Capital Gains Tax
Oregon taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
Oregon Income Tax
Oregon uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Applies to: 2025
Oregon Unemployment Benefits
Oregon provides up to $872/week in unemployment benefits for 26 weeks. Benefits are calculated using 1.25% of total base year wages.
Applies to: 2026
Pennsylvania Capital Gains Tax
Pennsylvania taxes capital gains as ordinary income using its flat rate.
Applies to: 2026
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.
Applies to: 2025
Pennsylvania Unemployment Benefits
Pennsylvania provides up to $605/week in unemployment benefits for 18–26 weeks. Benefits are calculated using approximately 50% of average weekly wage based on highest quarter earnings.
Applies to: 2026
Rhode Island Capital Gains Tax
Rhode Island taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
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.
Applies to: 2025
Rhode Island Unemployment Benefits
Rhode Island provides up to $745/week in unemployment benefits for 1–26 weeks. Benefits are calculated using 3.85% of the average of wages in the two highest quarters of the base period.
Applies to: 2026
South Carolina Capital Gains Tax
South Carolina taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
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.
Applies to: 2025
South Carolina Unemployment Benefits
South Carolina provides up to $350/week in unemployment benefits for 20 weeks. Benefits are calculated using 50% of average weekly wage during base period.
Applies to: 2026
South Dakota Capital Gains Tax
South Dakota has no state capital gains tax. Residents pay only federal capital gains tax.
Applies to: 2026
South Dakota Income Tax
South Dakota does not levy a state income tax on earned income. Residents pay only federal income tax.
Applies to: 2025
South Dakota Unemployment Benefits
South Dakota provides up to $553/week in unemployment benefits for 26 weeks. Benefits are calculated using 1/26 of highest quarter wages in base period.
Applies to: 2026
Tennessee Capital Gains Tax
Tennessee has no state capital gains tax. Residents pay only federal capital gains tax.
Applies to: 2026
Tennessee Income Tax
Tennessee does not levy a state income tax on earned income. Residents pay only federal income tax.
Applies to: 2025
Tennessee Unemployment Benefits
Tennessee provides up to $325/week in unemployment benefits for 12–20 weeks. Benefits are calculated using statutory benefit table based on average of two highest-earning quarters (~1/26).
Applies to: 2026
Texas Capital Gains Tax
Texas has no state capital gains tax. Residents pay only federal capital gains tax.
Applies to: 2026
Texas Income Tax
Texas does not levy a state income tax on earned income. Residents pay only federal income tax.
Applies to: 2025
Texas Unemployment Benefits
Texas provides up to $605/week in unemployment benefits for 26 weeks. Benefits are calculated using highest quarter wages / 25.
Applies to: 2026
Utah Capital Gains Tax
Utah taxes capital gains as ordinary income using its flat rate.
Applies to: 2026
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.
Applies to: 2025
Utah Unemployment Benefits
Utah provides up to $801/week in unemployment benefits for 10–26 weeks. Benefits are calculated using highest quarter wages / 26.
Applies to: 2026
Vermont Capital Gains Tax
Vermont taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
Vermont Income Tax
Vermont uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Applies to: 2025
Vermont Unemployment Benefits
Vermont provides up to $705/week in unemployment benefits for 26 weeks. Benefits are calculated using two highest quarter wages / 45.
Applies to: 2026
Virginia Capital Gains Tax
Virginia taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
Virginia Income Tax
Virginia uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Applies to: 2025
Virginia Unemployment Benefits
Virginia provides up to $430/week in unemployment benefits for 12–26 weeks. Benefits are calculated using statutory benefit table based on total wages in two highest quarters of base period.
Applies to: 2026
Washington Capital Gains Tax
Washington imposes a capital gains excise tax on long-term gains above a threshold. This is not an income tax.
Applies to: 2026
Washington Income Tax
Washington does not levy a state income tax on earned income. Residents pay only federal income tax.
Applies to: 2025
Washington Unemployment Benefits
Washington provides up to $1,152/week in unemployment benefits for 26 weeks. Benefits are calculated using average of 2 highest quarter wages × 0.0385, subject to min/max.
Applies to: 2026
West Virginia Capital Gains Tax
West Virginia taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
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.
Applies to: 2025
West Virginia Unemployment Benefits
West Virginia provides up to $662/week in unemployment benefits for 26 weeks. Benefits are calculated using statutory wage-class table based on base period wages (~55% of average weekly wage).
Applies to: 2026
Wisconsin Capital Gains Tax
Wisconsin taxes capital gains as ordinary income using its progressive brackets.
Applies to: 2026
Wisconsin Income Tax
Wisconsin uses progressive income tax brackets. Each rate applies only to income within that range, similar to the federal system.
Applies to: 2025
Wisconsin Unemployment Benefits
Wisconsin provides up to $370/week in unemployment benefits for 26 weeks. Benefits are calculated using 4% of highest quarter wages in base period.
Applies to: 2026
Wyoming Capital Gains Tax
Wyoming has no state capital gains tax. Residents pay only federal capital gains tax.
Applies to: 2026
Wyoming Income Tax
Wyoming does not levy a state income tax on earned income. Residents pay only federal income tax.
Applies to: 2025
Wyoming Unemployment Benefits
Wyoming provides up to $651/week in unemployment benefits for 26 weeks. Benefits are calculated using 4% of highest quarter wages in base period.
Applies to: 2026