Which states do not charge capital gains tax on stocks?

While the state you live in won’t affect your federal taxes owed, moving to a tax-friendly state may help you avoid capital gains tax on stocks when paying state income taxes. Nine states do not charge capital gains taxes. The states are Alaska, Florida, New Hampshire, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming. 7.

How to avoid capital gains taxes on stocks?

Managing the tax impact when investing in stocks is always a good idea. However, tax considerations should simply be a part of the process and not the driver of your investing decisions. That said, there are many ways to minimize or avoid the capital gains taxes on stocks. 1. Work your tax bracket

Can retail investors avoid capital gains taxes?

Folks may be wondering how to avoid capital gains taxes altogether. The short answer is that you likely can't. Indeed, the vast majority of retail investors are unable to sidestep the tax man completely. However, with a few subtle but important changes to your investing strategy, you may be able to reap significant tax deductions.