Calculator

Capital Gains Tax Calculator 2024

Calculate federal and state capital gains tax on your investments โ€” short-term vs long-term, NIIT, and all 50 states.

๐Ÿ’ฐ

Capital Gains Tax Calculator

2024 federal + state rates ยท short-term & long-term ยท NIIT

๐Ÿ“ˆInvestment Details

โœ… Long-Term Gain โ€” held 503 days (>1 year)

๐ŸงพTax Breakdown

Gross Gain / Loss

$5,000.00

$15,000.00 sale โˆ’ $10,000.00 cost basis

Federal Capital Gains Tax

$750.00

Effective rate: 15.00% ยท Long-term rates (0/15/20%)

State Tax โ€” California

$665.00

13.30% flat rate ยท Highest in nation โ€” taxed as ordinary income

Net Investment Income Tax (NIIT)

$0.00

3.8% on gains above $200,000 MAGI

Total Tax

$1,415.00

Effective total rate: 28.30%

Net Proceeds (after all taxes)

$3,585.00

$15,000.00 sale โˆ’ $1,415.00 total tax

๐Ÿ“‹2024 Tax Rate Reference

Long-Term Capital Gains Rates (2024)

0% rateUp to $47,025
15% rate$47,025 โ€“ $518,900
20% rateOver $518,900

Key Tax Notes

  • โ€ข Short-term gains (<1 year) taxed at ordinary income rates (10โ€“37%)
  • โ€ข Long-term gains (>1 year) qualify for preferential 0/15/20% rates
  • โ€ข NIIT adds 3.8% for high earners (MAGI > $200K/$250K)
  • โ€ข State taxes vary widely โ€” CA up to 13.3%, TX/FL 0%
  • โ€ข Losses can offset gains + up to $3,000 ordinary income

For informational purposes only. Tax laws change โ€” consult a qualified tax professional before making financial decisions. Figures based on 2024 IRS tables.

Share this tool