2024 California Capital Gains Tax Rate. California taxes capital gains just like regular income, with rates ranging from 1% to a lofty 13.3%. Add the 3.8% net investment tax under obamacare, and you have 23.8%.
We’ve got all the 2023 and 2024 capital gains. Depending on your income, you may even qualify for capital.
For Example, California Taxes Capital Gains As Regular Income With A Top Tax.
This 3.8% net investment income tax applies if you have modified.
California Capital Gains Tax In 2023:
The portion from $68,350 to $349,137 is taxed at 9.30% ($26,113) finally, the remaining portion from $349,137 to $350,000 is taxed at 10.30% ($89) adding these.
California Residents Could Be Taxed.
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The Tax Rate Is Determined By An Individual’s Taxable Income And Filing Status.
From 2000 through 2003, only about 1.3 percent of home sales (some 38,000 in all) resulted in capital gains exceeding $500,000, potentially triggering the tax.
For Example, California Taxes Capital Gains As Regular Income With A Top Tax.
As of 2024, california maintains a progressive tax system, with rates ranging from 1% to 13.3% based on your income level.