California Tax Brackets 2024 Capital Gains Tax

California Tax Brackets 2024 Capital Gains Tax. Capital gains taxes are taxes you may pay on investments when you sell them for a profit. All taxpayers must report gains and losses from the sale or exchange of capital assets.

In california, all capital gains are taxed as ordinary income, meaning they are subject to the same state income tax rates and brackets that apply to your regular income. The new 14.4% rate is on earnings, while all else is taxed at 13.3%.