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Question

Gains

Forum|Forum|2 years ago
November 15, 2023
1 reply
5 views

With capital gains in MA what happens with state and federal taxes

Employee Tax & Finance Expert

Employee Tax & Finance Expert

Hello Cohen0261,

Thanks for asking this question.

As for federal tax, long-term capital gain are taxed at preferred rates, whereas short-term gain are taxed at Ordinary rates.

https://www.irs.gov/taxtopics/tc409

Long-term capital gains from investments are taxed at 5 percent in Massachusetts, and short-term capital gains are taxed at 12 percent.

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