New York City Capital Gains Tax Rate 2024

New York City Capital Gains Tax Rate 2024. Nyc and ny state don’t impose a separate capital gains tax. 2024 state capital gains rates, income tax rates, and 1031 exchange investment opportunities for the state of new york.

As per income tax rules, when an individual sells a capital asset, he/she can earn capital gains or losses. Residents of new york city who realized capital gains owe taxes to the city in addition to state and federal capital gains taxes.