Some states collect their own capital gains taxes. Learn how it works in State.
In addition to federal capital gains taxes, some states also levy a state capital gains tax. California has the highest marginal tax rate, which combines both federal and state capital gains, of (37.3%), followed by Oregon (34.9%), and Minnesota (34.85%).
The average state capital gains tax rate is 28.7%, and nine states have no capital gains tax at all.
Click here to see what your state's capital gains tax rates are.
There are versions of this article for each State.
There are several different taxes that need to be filed after there's been a death. Learn more about which taxes to file and how to file them.
When beneficiaries inherit assets, those assets generally receive what's called a "step up"in basis. Understand how this saves beneficiaries taxes on appreciated assets.
In order to settle an estate or a trust, you'll need to get a tax identification number for it. Find out how to do it.
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