State layer · Tax year 2026
Federal tax is only part of the bill. Every row below is generated from the same verified data module the calculator computes from, so the figures here and the figures it produces cannot disagree.
Tax year 2026 figures. Last updated .
These are the states with a dedicated page and a verified 2026 rate structure. States are added when their rules can be read from a primary source, not before — the methodology page explains what that means and the unverified listrecords what is still outstanding.
| What is distinctive | Local add-ons | |||
|---|---|---|---|---|
| Arizona | 2.5% | Partial subtraction | Flat 2.5%, but 1.875% on gains from assets bought after 2011. | — |
| California | 13.3% | Taxed as ordinary income | Taxed as ordinary income, nine brackets, plus a 1% surcharge over $1m. | — |
| Colorado | 4.4% | Taxed as ordinary income | Flat 4.40%. The old capital gain subtraction appears to be gone. | — |
| Florida | None | Not taxed | No individual income tax. Federal tax still applies in full. | — |
| Illinois | 4.95% | Taxed as ordinary income | Flat 4.95% on everything. No preferential rate, no exclusion. | — |
| Massachusetts | 9% | Own rate for gains | 5% long-term, 8.5% short-term. Collectibles 12% with a 50% deduction. | — |
| New Jersey | 10.75% | Taxed as ordinary income | Ordinary income to 10.75%. Fixed thresholds, and no loss carryforward. | — |
| New York | 10.9% | Taxed as ordinary income | Ordinary income, nine brackets to 10.9%. NYC and Yonkers add their own. | New York City and Yonkers levy SEPARATE resident income taxes on top of the state tax, which also reach capital gains. Not modelled; the NYC resident rate was not verified. A New York City answer that omits it understates the tax by several percentage points. |
| Ohio | 2.75% | Taxed as ordinary income | A single 2.75% rate from 2026, above an indexed floor. | Ohio municipalities levy SEPARATE local income taxes. Most do not reach capital gains, but this varies by municipality and is not modelled. |
| Pennsylvania | 3.07% | Taxed as ordinary income | Flat 3.07%, no holding-period distinction, and unusual loss rules. | Pennsylvania localities levy separate earned income taxes, which generally do not reach capital gains. |
| Texas | None | Not taxed | No individual income tax. Federal tax still applies in full. | — |
| Washington | 9.9% | Own rate for gains | No income tax, but a 7% / 9.9% excise on long-term gains. Real estate exempt. | — |
The top rate is the highest marginal rate a capital gain can reach in that state, including any surtax. It is not the rate most filers pay — a gain is stacked on other income the same way it is federally, so a modest gain in a modest-income year may never reach it.
A rate of None means the state does not tax capital gains at all. Washington is the exception worth knowing about: it has no individual income tax, but it does levy a separate 7% excise tax on long-term gains above an annually indexed standard deduction, so its row is not the zero it first appears.
Most states tax gains as ordinary income, applying their normal ladder with no distinction between a long-held investment and a quick trade. In those states the entire holding-period saving is federal.
A few do something else. Arizona subtracts a quarter of net long-term gain, but only for assets acquired after 2011 — two identical gains can carry different tax depending on a purchase date. Massachusetts taxes in classes rather than on a ladder, with short-term gains at a higher rate than long-term. Washington charges an excise tax rather than an income tax at all.
Those structural differences change the answer more than a percentage point or two of rate does, which is why the column is here.
State taxable income is computed with each state's own additions, subtractions and deductions, none of which are modelled here. The calculator approximates the state base from federal ordinary taxable income and says so in a warning on every state result. Treat a state figure as close for a straightforward wage-and-sale situation and rough if your return carries significant state adjustments.
Part-year residency, non-resident source rules and gains on property in another state are all outside scope. So are local income taxes except where noted in the final column.
For the federal rules that apply wherever you live, start with the federal guide or the full guide index.