Capital Gains Tax Rate 2024 California. 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. The top federal ordinary income rate is 37%, while the federal capital gain rate is 20% for higher income taxpayers.
For example, a single person with taxable income of between $47,026 and $518,900 in 2023 would pay a 15% federal capital gains rate, plus whatever rate their state. See more on state capital gains tax rates in 2024.
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