Which states have no capital gains tax?

Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington (with an exception for high earners), and Wyoming have no state tax on capital gains.

What are the 2024 federal long-term capital gains rates?

0% for taxable income up to $47,025 single / $94,050 married; 15% up to $518,900 single / $583,750 married; 20% above those thresholds.

What is the difference between short-term and long-term gains?

Assets held one year or less are short-term and taxed as ordinary income. Assets held more than a year qualify for the lower long-term capital gains rates.

Is there an extra tax on investment income?

Yes — the 3.8% Net Investment Income Tax applies to high earners (above $200,000 single / $250,000 married). This calculator does not include it.

Capital Gains Tax by State Calculator

By the KalkWise Editorial Team Reviewed for accuracy Updated June 2026

What is the capital gains tax by state calculator?

In short

Capital gains tax combines a federal long-term rate (0%, 15%, or 20% based on income) with your state's rate. On a $100,000 gain with $120,000 of taxable income filing single, the federal rate is 15% ($15,000) plus a 5% state tax ($5,000) — $20,000 total, leaving $80,000 in net proceeds.

Combines the federal long-term capital gains rate with your state's rate to show your total capital gains tax and net proceeds after the sale.

How to use this calculator

1Enter your long-term capital gain (assets held over one year).
2Enter your taxable income to determine your federal LTCG bracket.
3Choose your filing status and enter your state's capital gains rate.
4See your federal tax, state tax, total tax, and net proceeds.

The formula

tax=(gain×fed%)+(gain×state%)

total tax = (gain × fed%) + (gain × state%); net = gain − total tax

fed%: — Federal LTCG rate: 0%, 15%, or 20% by income
state%: — Your state's capital gains tax rate
fed tax: — gain × fed%
state tax: — gain × state%

Worked example

The scenario

$100,000 long-term gain, $120,000 taxable income, single filer, 5% state rate.

gives

The result

Federal (15%): $15,000. State (5%): $5,000. Total tax: $20,000. Net proceeds: $80,000.

Common use cases

Investors estimating tax on stock or fund sales by state.
Comparing the after-tax outcome of selling in a high-tax vs no-tax state.
Planning the timing of asset sales around income thresholds.

Limitations & assumptions

Uses 2024 federal LTCG brackets — does not include the 3.8% Net Investment Income Tax.
Some states tax capital gains as ordinary income with graduated brackets, not a flat rate.
Does not model short-term gains, which are taxed as ordinary income.

Frequently asked questions

Add the federal long-term rate (0/15/20% based on taxable income) to your state's capital gains rate. Nine states have no income tax and therefore no state capital gains tax.

Disclaimer: KalkWise calculators are provided for general informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. Results are estimates based on the figures you enter and the assumptions described above. Actual outcomes will vary. Consult a qualified professional before making financial decisions.

Capital gain details