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Capital gains tax calculator

Work out federal and state tax on a long-term or short-term capital gain, including the Net Investment Income Tax and the nine states that tax a gain differently from a wage.

Updated September 9, 2026

Federal and state tax on a capital gain

On the gainAmount
Federal tax on the gain
Net Investment Income Tax
State tax on the gain
Total tax on the gain
Effective rate on the gain

What nobody else shows

Most calculators tax a gain exactly like a wage. Nine states do not. On $100,000 of wages plus a $300,000 long-term gain, South Carolina's own capital-gains deduction saves about $6,877 against treating the gain as wages, Wisconsin's saves about $6,335, Arkansas's about $5,550, Montana's stacked preferential brackets save about $4,650, and North Dakota's exclusion saves about $3,000. Missouri excludes the gain from state tax entirely. Two states run the other way: Maryland's 2% surtax above $350,000 of AGI adds about $6,000 to that same example, and Washington -- which has no tax on wages at all -- charges $1,120 on the gain through its separate excise tax on gains above its own $270,000 exemption. Enter your own numbers above to see your state's actual treatment; it is not the same formula for everyone.

What this leaves out

The Net Investment Income Tax only applies once modified AGI crosses $200,000 single or $250,000 married filing jointly, so the row above shows nothing below that. Federal AMT is not modelled, which matters most for a gain large enough to trigger it. This is arithmetic on the numbers you enter, not tax advice.