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State tax rates on capital gains

June 4, 2024
in Accounting
Reading Time: 1 min read
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State tax rates on capital gains
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Enjoy complimentary access to top ideas and insights — selected by our editors.

Taxpayers who sell their assets are subject to taxes on net earnings, or capital gains, without factoring in inflation. In addition to the federal Tax Code on capital gains, individual states have their own accommodations. 

Eight states tax capital gains at lower rates than ordinary income, while two tax capital gains at higher rates than ordinary income. Thirty-three states tax capital gains at the same rate as ordinary income and eight states have no capital gains tax.

Scroll through below to learn more about the states and their tax rates on capital gains.

Source: Tax Foundation

Credit: Source link

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