What Nebraska residents need to know about state capital gains taxes
In addition to federal capital gains taxes, some states also levy a state capital gains tax. California has the highest marginal tax rate, which combines both federal and state capital gains, of (33%), followed by New York (31.5%), Oregon (31%), and Minnesota (30.5%).
The average state capital gains tax rate is 28.7%, and nine states have no capital gains tax at all.
Click here to see what your state's capital gains tax rates are.
You may also be interested in:
There are several different taxes that need to be filed after there's been a death. Learn more about which taxes to file and how to file them.
When beneficiaries inherit assets, those assets generally receive what's called a "step up"in basis. Understand how this saves beneficiaries taxes on appreciated assets.
In order to settle an estate or a trust, you'll need to get a tax identification number for it. Find out how to do it.