LONG TERM CAPITAL GAINS TAX

CALCULATING YOUR TAX LIABILITY

FEDERAL CAPITAL GAINS TAX RATES

2019 FEDERAL LONG TERM CAPITAL GAINS TAX RATES

MARGINAL TAX RATE FOR TAXABLE INCOME ABOVE THE AMOUNT SHOWN FOR EACH FILER TYPE

TAX RATE
UNMARRIED INDIVIDUALS
MARRIED INDIVIDUALS FILING JOINT RETURNS
HEAD OF HOUSEHOLD
0%
$0
$0
$0
15%
$39,375
$78,750
$52,750
20%
$434,550
$488,850
$461,700

ADDITIONAL NET INVESTMENT INCOME TAX

TAX RATE
UNMARRIED INDIVIDUALS
MARRIED INDIVIDUALS FILING JOINT RETURNS
HEAD OF HOUSEHOLD
3.8%
MAGI above $200,000
MAGI above $250,000
MAGI above $200,000

Source: “2019 Tax Brackets,” Tax Foundation and IRS Topic Number 559

COMBINED STATE & FEDERAL CAPITAL GAINS TAX RATES

RANK
STATE
STATE TOP TAX RATE
COMBINED STATE & FEDERAL TOP TAX RATE
1
CALIFORNIA
13.30%
33.30%
2
OREGON
9.90%
29.90%
3
MINNESOTA
9.85%
29.85%
4
IOWA*
8.98%
28.98%
5
NEW JERSEY
8.95%
28.95%
6
VERMONT
8.95%
28.95%
7
NEW YORK*
8.82%
28.82%
8
HAWAII*
8.25%
28.25%
9
WISCONSIN*
7.65%
27.65%
10
IDAHO
7.40%
27.40%
11
MAINE
7.15%
27.15%
12
SOUTH CAROLINA*
7.00%
27.00%
13
CONNECTICUT
6.90%
26.90%
13
ARKANSAS*
6.90%
26.90%
13
MONTANA*
6.90%
26.90%
14
NEBRASKA
6.84%
26.84%
15
DELAWARE
6.60%
26.60%
16
WEST VIRGINIA
6.50%
26.50%
17
KENTUCKY
6.00%
26.00%
17
GEORGIA
6.00%
26.00%
17
MISSOURI
6.00%
26.00%
17
LOUISIANA*
6.00%
26.00%
18
RHODE ISLAND
5.99%
25.99%
19
MARYLAND*
5.75%
25.75%
19
VIRGINIA
5.75%
25.75%
20
NORTH CAROLINA
5.50%
25.50%
21
KANSAS
5.20%
25.20%
22
MASSACHUSETTS
5.10%
25.10%
23
OHIO*
5.00%
25.00%
23
OKLAHOMA
5.00%
25.00%
23
MISSISSIPPI
5.00%
25.00%
23
UTAH
5.00%
25.00%
23
ALABAMA*
5.00%
25.00%
24
ILLINOIS
4.95%
24.95%
25
NEW MEXICO*
4.90%
24.90%
26
COLORADO
4.63%
24.63%
27
ARIZONA
4.54%
24.54%
28
MICHIGAN*
4.25%
24.25%
29
INDIANA*
3.23%
23.23%
30
PENNSYLVANIA
3.07%
23.07%
31
NORTH DAKOTA*
2.90%
22.90%
32
ALASKA
0.00%
20.00%
32
FLORIDA
0.00%
20.00%
32
NEVADA
0.00%
20.00%
32
NEW HAMPSHIRE
0.00%
20.00%
32
SOUTH DAKOTA
0.00%
20.00%
32
TENNESSEE
0.00%
20.00%
32
TEXAS
0.00%
20.00%
32
WASHINGTON
0.00%
20.00%
32
WYOMING
0.00%
20.00%

* States either allow a taxpayer to deduct their federal taxes from your state taxable income, have local income taxes, or have special tax treatment of capital gains income.