3% $372,977 to $617,337 13. The state conforms to federal definitions for long-term and short-term gains, so the holding period rules remain the same.
Avoid California Capital Gains Overpayment: Key Strategies to Reduce Your Tax Bill
This guide breaks down the intricate details, from the progressive tax brackets to the specific rules that apply to different income levels. Federal Long-Term Capital Gains Brackets At the federal level, long-term capital gains are taxed in three tiers.
Short-Term Rates The duration you hold an asset dictates whether you are taxed at long-term or short-term rates. The state rates range from 1% for the lowest income to 13.
Avoid Overpayment by Understanding California Capital Gains Tax Brackets
The 20% rate applies to income above those thresholds. 3% for earnings exceeding $1 million.
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