How much is capital gains tax in California?

Long Term Federal Capital Gains Tax Rates for 202 4 In addition, some categories of capital assets fall entirely outside of this rubric: gains on collectibles such as art, jewelry, antiques, and stamp collections are taxed up to a maximum 28% rate. What Is The California Capital Gains Tax?

How are capital gains taxed?

Each state has its own system and tax brackets for capital gains. Some states may levy a flat tax on a capital gain, while some may not impose it at all. The federal government imposes different tax rates depending on whether the assets were held long-term or short-term. The federal government taxes short-term gains as regular income.

How are capital gains taxed in 2024?

Short Term Federal Capital Gains Tax Rates for 2024 Long-term capital gains, meanwhile, are taxed at a lower rate than ordinary income. Here, too, the precise rate depends on the individual’s income and marital status: Long Term Federal Capital Gains Tax Rates for 202 4