New York State Capital Gains Tax Rate 2024

New York State Capital Gains Tax Rate 2024. The tax rate you will pay on capital gains will vary depending on where you live, your income, and the type of asset you sold but the federal and state tax systems are generally progressive, so individuals with higher incomes face a higher capital gains tax. These rates range from 4% to 8.82%,.

New york taxes capital gains as ordinary income, at rates up to 10.9%. For the 2024 tax year, you won’t pay any capital gains tax if your total taxable income is $47,025 or less.