Capital Gain Tax Calculator

Capital Gain Tax Calculator calculates capital gain tax on the sale of real estate, stocks, or other assets.

Capital Gains Tax Calculator

When holding assets for more than a year that is long term, subject to a maximum 20% tax rate. when holding assets for less than a year that is a short term which subjects to a maximum 37% tax rate, it is the same as ordinary income tax. Capital gain is not subject to social security and medicare tax.

If you don't have any ordinary income, the capital gain qualifies for the standard deduction. For example, if you have a capital gain is $200,000 for the year 2021, the capital gain tax is based on $187,450 (single) or $174,900 (married, file jointly) to calculate.

Calculated below:
$200,000 -$12,550 =$187,450. (standard deduction for single filer).
$200,000-$25,100 = $174,900. (standard deduction for married, file jointly).

Use the capital gains tax calculator to calculate the difference between holding your assets for the long term versus the short term. There is a lot of tax difference, we suggest holding your assets for over a year if you could for tax saving purpose.

For example, if your annual gross income tax is $54000 as a single filer, with a capital gain of $200,000, long term capital gains tax is $30,000, while short term capital gains tax is $54,184, that is $24,184 saving in tax.

The capital gains tax calculator solely calculates capital gain tax owed to IRS. The state and city also tax your capital gain. except for the following state: Alaska, Florida, New Hampshire, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming.