How much are capital gains taxes in California?

It does not recognize the distinction between short-term and long-term capital gains. This means your capital gains taxes will run between 1% up to 13.3%, depending on your overall income and corresponding California tax bracket. California taxpayers are subject to nice progress marginal tax rate brackets.

How much are capital gains taxed in 2022?

For instance, both in 2018 and 2022, long-term capital gains of $100,000 were taxed at 9.3%, but the total income for this tax rate maxed out at $268,749 in 2018 and increased to $312,686 in 2022. To give you a clearer idea of the current capital tax gains rates versus last year, check out these tax rate charts from 2021 and 2022.

Does California tax long-term capital gains?

Unlike the federal government, California makes no distinction between short-term and long-term capital gains. It taxes all capital gains as income, using the same rates and brackets as the regular state income tax. The following table shows the tax rates that apply to both income and capital gains in California: