New York Capital Gains Tax Calculator
New York taxes capital gains as ordinary income at its standard progressive brackets — top marginal rate is 10.9%. There is no preferential long-term rate at the state level.
New York state capital gains
Up to 10.9%
New York treats long- and short-term gains as ordinary income at its standard progressive brackets. Federal long-term rates (0% / 15% / 20%) and the 3.8% Net Investment Income Tax still apply on top.
How New York taxes capital gains
New York taxes both short- and long-term capital gains as ordinary income under its progressive state brackets (4% to 10.9% in 2025). NYC residents also owe city income tax of up to 3.876%, which similarly does not distinguish between ordinary income and capital gains — so a NYC resident in the top brackets can face a combined state + city marginal rate near 14.8% on top of federal capital gains tax.
Federal capital gains calculator
The calculator below estimates federal tax on your gain. Add New York state tax separately (see the worked example below).
Estimated federal income tax
$18,024
On ordinary income
$14,274
On long-term gains
$3,750
Total taxable income
$113,000
Effective rate (all income)
14.1%
Ordinary income bracket slices
| Rate | Taxable in slice | Tax |
|---|---|---|
| 10% | $11,925 | $1,193 |
| 12% | $36,550 | $4,386 |
| 22% | $39,525 | $8,696 |
Long-term gain is stacked after ordinary taxable income for 0% / 15% / 20% rates (2025 IRS thresholds).
Adding New York state tax on top
The federal calculator above does not include state tax. For a New York resident, the rough rule is: apply your New York marginal income tax rate (up to 10.9%) to the entire capital gain, then add it to the federal tax shown above.
Worked example
A New York single filer with $120,000 of wages who realizes a $50,000 long-term capital gain in 2025 would owe roughly:
- Federal long-term tax: most of the gain falls in the 15% LTCG bracket → roughly $7,500 federal.
- New York state tax: the gain stacks on top of ordinary income in the state brackets. With $120k of wages already taxed, the $50k gain mostly sits in the upper New Yorkbrackets → rough state liability $4,000–$6,000 depending on deductions.
- NIIT: probably none at this income level (kicks in over $200k single).
Total combined federal + New York state tax on the $50k long-term gain is roughly $11,500–$13,500, or about 23–27%. The same gain realized by a Texas or Florida resident would only owe the federal $7,500 portion.