New York Capital Gains Tax Calculator
New York 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 New York income tax brackets, with no separate preferential long-term rate like the federal system provides. This calculator estimates the New York state tax on a capital gain by stacking the gain on top of your other taxable income and applying the sourced New York State Department of Taxation and Finance brackets for tax year 2025, 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 New York 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 New York State Department of Taxation and Finance so you can confirm any special rule that applies to you.
New York taxes capital gains as ordinary income. A $20,000.00 gain on top of $60,000.00 of other income (single) adds about $1,100.00 in New York state tax, an effective rate on the gain of 5.50%.
How New York taxes capital gains
New York taxes capital gains as ordinary income, so the gain is added to your other income and taxed at the New York 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
New York capital gains tax: frequently asked questions
How are capital gains taxed in New York?
New York taxes capital gains as ordinary income at the state level: the gain is added to your other taxable income and taxed using the New York income tax brackets published by the New York State Department of Taxation and Finance. This calculator applies those brackets to your gain. Some states provide specific exclusions or rates for particular gains; confirm your situation with the New York State Department of Taxation and Finance.
How much state tax will I pay on a $20,000.00 capital gain in New York?
Stacked on $60,000.00 of other income, a $20,000.00 gain adds about $1,100.00 of New York state income tax for a single filer, an effective rate on the gain of 5.50%. Your figure depends on your total income and filing status; enter them above.
Does New York 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 New York State Department of Taxation and Finance; this calculator uses the ordinary income method and links the source.
What is New York's state income tax rate?
New York has a graduated income tax with rates from 4% to 10.9%. The 9.65% rate applies to income above $1,077,550 (single) and above $2,155,350 (married filing jointly). The top rate of 10.9% applies only to income above $25,000,000 for all filing statuses. These elevated rates apply for tax years 2021 through 2027 under New York Tax Law Section 601.
Does New York City have its own income tax?
Yes. NYC residents pay an additional city income tax of 3.078% to 3.876% on top of state taxes. This is separate from the NY state income tax shown here.
Does New York have a standard deduction?
Yes. For 2025 the New York State standard deduction is $8,000 for single filers, $16,050 for married filing jointly, $11,200 for head of household, and $8,000 for married filing separately. Source: 2025 Form IT-201-I, New York State Department of Taxation and Finance.
Official sources
- New York income tax rates applied to capital gains (tax year 2025): New York State Department of Taxation and Finance, 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 New York State Department of Taxation and Finance.