Nebraska Capital Gains Tax Calculator
Nebraska taxes capital gains as ordinary income at the state level, which means a gain on selling shares, property or other investments is added to your other income and taxed using the Nebraska income tax brackets, with no separate preferential long-term rate like the federal system provides. This calculator estimates the Nebraska state tax on a capital gain by stacking the gain on top of your other taxable income and applying the sourced Nebraska Department of Revenue brackets for tax year 2024, then taking the difference. Enter your gain, your other annual taxable income and your filing status to see the state tax attributable to the gain and the effective rate on it. The result is the Nebraska state portion only; federal capital gains tax, which has separate short-term and long-term rates set by the IRS, is calculated separately. Because the gain stacks on your other income, the same gain is taxed at a higher rate the more you already earn. Some states provide specific exclusions or preferential treatment for certain gains; this tool uses the standard ordinary-income method and links the Nebraska Department of Revenue so you can confirm any special rule that applies to you.
Nebraska taxes capital gains as ordinary income. A $20,000.00 gain on top of $60,000.00 of other income (single) adds about $1,168.00 in Nebraska state tax, an effective rate on the gain of 5.84%.
How Nebraska taxes capital gains
Nebraska taxes capital gains as ordinary income, so the gain is added to your other income and taxed at the Nebraska bracket rates.
state tax on gain = state income tax on (other income + gain) - state income tax on (other income)
effective rate on gain = state tax on gain / gain x 100
Nebraska capital gains tax: frequently asked questions
How are capital gains taxed in Nebraska?
Nebraska taxes capital gains as ordinary income at the state level: the gain is added to your other taxable income and taxed using the Nebraska income tax brackets published by the Nebraska Department of Revenue. This calculator applies those brackets to your gain. Some states provide specific exclusions or rates for particular gains; confirm your situation with the Nebraska Department of Revenue.
How much state tax will I pay on a $20,000.00 capital gain in Nebraska?
Stacked on $60,000.00 of other income, a $20,000.00 gain adds about $1,168.00 of Nebraska state income tax for a single filer, an effective rate on the gain of 5.84%. Your figure depends on your total income and filing status; enter them above.
Does Nebraska have a separate long-term capital gains rate?
Most states, including the default treatment here, tax long-term and short-term capital gains at the same ordinary income rates, unlike the federal system which has preferential long-term rates. Any state-specific exclusion or preferential rate is set by the Nebraska Department of Revenue; this calculator uses the ordinary income method and links the source.
What are Nebraska's income tax brackets for 2024?
For 2024, single filers pay 2.46% on income up to $3,700; 3.51% on $3,701 to $22,170; 5.01% on $22,171 to $35,730; and 5.84% on income above $35,730. Married filing jointly thresholds are approximately double the single-filer amounts.
What did Nebraska LB 754 do?
Legislative Bill 754, signed in 2023, set Nebraska on a path to significantly lower income tax rates. It reduced the top rate from 6.84% and created a schedule of automatic cuts that will bring the top rate to 3.99% by 2027, provided certain revenue conditions are met. The 2024 top rate under LB 754 is 5.84%.
When will Nebraska's top income tax rate reach 3.99%?
Under the LB 754 phase-down schedule, Nebraska's top rate is projected to reach 3.99% for tax year 2027. The interim rates are approximately 5.20% for 2025 and 4.55% for 2026. Each reduction is subject to a revenue trigger, meaning the cut only takes effect if state general fund revenue meets minimum thresholds.
Does Nebraska follow federal standard deduction rules?
Yes. Nebraska conforms to the federal standard deduction. For 2024, that is $14,600 for single filers, $29,200 for married filing jointly, $21,900 for head of household, and $14,600 for married filing separately. These amounts are set by the IRS and adjusted annually for inflation.
Official sources
- Nebraska income tax rates applied to capital gains (tax year 2024): Nebraska Department of Revenue, as at Jun 12, 2026.
Reviewed by the CalculatorHub team, edited by James Graham, 25 June 2026. See our methodology. General information, not financial or tax advice. State-specific exclusions, if any, are set by the Nebraska Department of Revenue.