The 20% rate applies to income above those thresholds. The state rates range from 1% for the lowest income to 13.
Capital Gains Tax on Real Estate Sales in California
The 0% rate applies to single filers earning up to $44,625 and married couples earning up to $89,250. 3% $296,796 to $372,977 11.
Short-Term Rates The duration you hold an asset dictates whether you are taxed at long-term or short-term rates. This means the rate you pay is determined by which federal tax bracket your income falls into, but it is calculated using the highest state marginal rate applicable to that bracket.
Capital Gains Tax on Home Sales in California
This top rate is one of the highest in the nation and directly applies to capital gains income. While the federal government sets a baseline for long-term capital gains, the Golden State adds its own layer of complexity with top-tier state rates that can substantially impact the final profit.
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