Texas Capital Gains Tax Calculator
Calculate your capital gains tax liability in Texas. Texas has no state income tax, so you only pay federal taxes on capital gains.
Original purchase price
Renovations, additions — added to your basis
Agent commissions, closing costs, title & transfer fees
Total Tax
$33,800
16.9% effective rate
Capital Gain
$200,000
Tax Breakdown
Sale price minus selling costs and all taxes (before any mortgage payoff).
Federal
$33,800
TX State
$0
Effective Rate
16.9%
Texas Capital Gains Tax
Texas has no state income tax, so capital gains are not taxed at the state level.
Long-term: Not taxed
Short-term: Not taxed
No State Tax!
Texas has no state income tax, saving you $10,000 or more compared to states with 5%+ tax rates.
NIIT Applied
The 3.8% Net Investment Income Tax applies because your income exceeds $200,000.
Texas Capital Gains Tax Details
Tax Treatment
Tax Type
No state tax
Maximum Rate
0%
Available Exemptions
- All capital gains exempt (no state income tax)
Texas Capital Gains Tax FAQ
Official References
- IRS Topic 409: Capital Gains and Losses
Federal capital gains tax guidance
- IRS Publication 523: Selling Your Home
$250K / $500K home-sale exclusion, basis adjustments, and selling expenses
This calculator provides estimates. Consult a tax professional for advice specific to your situation in Texas.