ca capital gains tax rates

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What is California capital gains tax?

The California capital gains tax is levied at the same rate as regular income. This page walks Californians through what they need to know.

How much does California pay on capital gains?

California's pay 13.3% on capital gain. Under Biden’s FY 2025 budget proposal, for high-income taxpayers, the long-term capital gains tax could nearly double to 39.6%.

Does California have a high capital gain rate?

However, California’s 13.3% rate still applies to capital gain, and that very high rate has long been an irritant to California investors. At the federal level, there is a big benefit accorded to long term capital gains. The top federal ordinary income rate is 37%, while the federal capital gain rate is 20% for higher income taxpayers.

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