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Minnesota Capital Gains Tax Calculator

Combines federal long-term rates with Minnesota’s 9.85% state treatment.

Minnesota capital gains estimator

Combines federal long-term rates with Minnesota’s 9.85% state treatment.

Total tax on the gain —
Federal —
Minnesota state —
Net investment income tax —
You keep —

Figures computed from Tax Foundation (2024-2026 rate tables) and Internal Revenue Service (current tax year). Page last reviewed 2026-08-27. Estimates only — verify with the relevant agency before acting.

Minnesota at a glance

FigureMinnesotaSource
State capital gains rate9.85%[1]
State top marginal rate9.85%[1]
Federal long-term rates0% / 15% / 20%[2]
Net investment income tax3.8% above $200,000[2]

[1] [2] Sources

State capital gains rate — all 50 states

Minnesota highlighted. Same data as the table below, shown as a distribution so the comparison is visible at a glance.

State capital gains rate — all 50 states. Minnesota is 9.85%, ranked 5 of 50. The national median is 4.55%, the highest is 13.30% (California), and the lowest is 0.00% (Wyoming). CA 13.30% NY 10.90% NJ 10.75% OR 9.90% MN 9.85% MA 9.00% VT 8.75% WI 7.65% HI 7.25% ME 7.15% WA 7.00% CT 6.99% DE 6.60% MD 6.50% RI 5.99% NM 5.90% ID 5.80% VA 5.75% MT 5.65% KS 5.58% SC 5.21% AL 5.00% GA 4.99% IL 4.95% WV 4.58% NE 4.55% OK 4.50% UT 4.50% CO 4.40% MI 4.25% MS 4.00% NC 3.99% AR 3.90% IA 3.80% KY 3.50% OH 3.50% PA 3.07% LA 3.00% IN 2.95% AZ 2.50% ND 2.50% AK 0.00% FL 0.00% MO 0.00% NV 0.00% NH 0.00% SD 0.00% TN 0.00% TX 0.00% WY 0.00%

Highlighted: Minnesota, ranked 5 of 50. Median 4.55%.

Minnesota tax by gain size and other income

Total tax (federal + Minnesota + NIIT) on a long-term gain.

Capital gain$40,000 income$60,000 income$80,000 income$100,000 income$150,000 income$200,000 income$300,000 income$500,000 income
$10,000$1,068$2,485$2,485$2,485$2,485$2,865$2,865$2,865
$20,000$3,553$4,970$4,970$4,970$4,970$5,730$5,730$5,730
$30,000$6,038$7,455$7,455$7,455$7,455$8,595$8,595$8,595
$40,000$8,523$9,940$9,940$9,940$9,940$11,460$11,460$11,460
$50,000$11,008$12,425$12,425$12,425$12,425$14,325$14,325$14,550
$65,000$14,735$16,153$16,153$16,153$16,723$18,623$18,623$19,598
$80,000$18,463$19,880$19,880$19,880$21,020$22,920$22,920$24,645
$100,000$23,433$24,850$24,850$24,850$26,750$28,650$28,650$31,375
$125,000$29,645$31,063$31,253$32,013$33,913$35,813$35,813$39,788
$150,000$35,858$37,655$38,415$39,175$41,075$42,975$42,975$48,200
$200,000$49,803$51,980$52,740$53,500$55,400$57,300$57,300$65,025
$250,000$64,128$66,305$67,065$67,825$69,725$71,625$71,850$81,850
$350,000$92,778$94,955$95,715$96,475$98,375$100,500$105,500$115,500
$500,000$135,753$138,655$140,415$142,175$146,575$150,975$155,975$165,975
$650,000$185,953$189,130$190,890$192,650$197,050$201,450$206,450$216,450
$800,000$236,428$239,605$241,365$243,125$247,525$251,925$256,925$266,925
$1,000,000$303,728$306,905$308,665$310,425$314,825$319,225$324,225$334,225
$1,500,000$471,978$475,155$476,915$478,675$483,075$487,475$492,475$502,475

Worked figures for Minnesota

Minnesota values:

GainFederalStateNiitTotalEffective
$25,000$3,750$2,462$0$6,21324.85%
$50,000$7,500$4,925$0$12,42524.85%
$75,000$11,250$7,387$0$18,63824.85%
$100,000$15,000$9,850$0$24,85024.85%
$150,000$22,500$14,775$1,900$39,17526.12%
$200,000$30,000$19,700$3,800$53,50026.75%
$300,000$45,000$29,550$7,600$82,15027.38%
$500,000$77,725$49,250$15,200$142,17528.43%
$750,000$127,725$73,875$24,700$226,30030.17%
$1,000,000$177,725$98,500$34,200$310,42531.04%

How Minnesota compares nationally

On state capital gains rate, Minnesota ranks #5 of 50 at 9.85% — 116% above the median of 4.55%. The national range runs from 0.00% (Wyoming) to 13.30% (California).

RankStateState capital gains rate
#3New Jersey10.75%
#4Oregon9.90%
#5Minnesota9.85%
#6Massachusetts9.00%
#7Vermont8.75%

Taxed as ordinary incomes, ranked

Same rule structure as Minnesota:

StateState capital gains ratevs Minnesota
California13.30%+35.0%
New Jersey10.75%+9.1%
Minnesota9.85%—
Wisconsin7.65%-22.3%
Kansas5.58%-43.4%
South Carolina5.21%-47.1%
Georgia4.99%-49.3%
Nebraska4.55%-53.8%
Texas0.00%-100.0%

Minnesota questions, answered with Minnesota numbers

Does Minnesota tax capital gains?▾
Yes. Minnesota applies 9.85% to capital gains. On a $100,000 long-term gain that is $9,850 in state tax, on top of $15,000 federal.
What would I owe on a $500,000 gain in Minnesota?▾
About $142,175 total — $77,725 federal, $49,250 to Minnesota, and $15,200 net investment income tax. You would keep roughly $357,825, an effective rate of 28.43%.
How does Minnesota compare with a no-tax state?▾
Realising a $500,000 gain in Minnesota costs $49,250 more than realising it in a state with no capital gains tax, such as Florida or Texas.

Other taxed as ordinary incomes

Texas California Georgia Kansas Wisconsin Nebraska New Jersey South Carolina

Last reviewed 2026-08-27. Minnesota figures only — verify with the relevant Minnesota agency before acting. How this is calculated.