Learn how to reduce your income and estate tax, fast.
Get our tips on big-picture strategy and actionable tactics for startup equity, small businesses, crypto, real estate, and more.
JOIN 1,000+ FOUNDERS, EMPLOYEES, AND INVESTORS WHO TRUST VALUR
Capital Gains State Tax Rate
What is the Capital Gains State Tax Rate?
The tax rate varies depending on which state you reside in. In some states, the capital gains tax rate is the same as the income tax rate. In other states, the capital gains tax is a separate tax that is levied on top of the income tax. This state tax rate may also be different for long-term capital gains and short-term capital gains.
If you’ve made money from the sale of capital assets, such as stocks, real estate, or businesses, you’ll need to pay capital gains taxes on that income. The this tax rate varies depending on which state you reside in.
What is the capital gains state tax rate in real estate?
The capital gains tax rate on real estate can vary depending on which state you reside in. If you sell your house or property for a profit, you may be subject to capital gains taxes on that income. The capital gains rate may also be different for long-term capital gains and short-term capital gains.
In general, the capital gains tax rate is lower for long-term capital gains than it is for short-term capital gains. Long-term capital gains are capital gains that have been held for more than one year. Short-term capital gains are capital gains that have been held for less than one year.
The capital gains state tax rate may also be different for different types of capital assets. For example, the capital gains rate on stocks may differ from the state tax rate on real estate.
Next Steps
Explore the capital gains tax benefits you could have by investing your assets in a CRT. Calculate your potential return on investment and get started. Or learn more definitions today!
About Valur
We built a platform to give everyone access to the tax and wealth-building tools of the ultra-rich like Mark Zuckerberg and Phil Knight. We make it simple and seamless for our customers to take advantage of these hard-to-access tax-advantaged structures so you can build your wealth more efficiently at less than half the cost of competitors. From picking the best strategy to taking care of all the setup and ongoing overhead, we make it easy and have helped create more than $500m in wealth for our customers.
