HAWAII CAPITAL GAINS TAX · TAX YEAR 2026

Hawaii capital gains tax calculator

Hawaii taxes capital gains as ordinary income, but caps the rate on a net long-term gain at 7.25% once taxable income passes $48,000 for a single filer ($96,000 joint, $72,000 head of household). On a $50,000 long-term gain with $75,000 of wages, a single filer owes $3,625 of Hawaii tax and $7,500 of federal income tax, $11,125 in all, and keeps $38,875.

Tax on your gain

Total tax on the gain: $11,125.00
Federal income tax: $7,500.00
Net investment income tax: $0.00
Hawaii tax: $3,625.00
After-tax gain: $38,875.00
Effective rate: 22.25%

Hawaii tax by size of gain

What a single filer with $75,000 of wages owes on a long-term gain, and the state tax if the same gain were short-term. Federal tax includes the net investment income tax.

Hawaii tax on a capital gain — tax year 2026
Gain	Federal tax	State tax	State tax if short-term
$10,000	$1,500	$725	$760
$50,000	$7,500	$3,625	$3,800
$100,000	$15,000	$7,250	$7,723
$250,000	$42,250	$18,125	$21,156
$1,000,000	$208,920	$72,500	$103,564

Hawaii capital gains tax questions

Does Hawaii tax capital gains?

Yes. Hawaii taxes capital gains as ordinary income, but caps the rate on a net long-term gain at 7.25% once taxable income passes $48,000 for a single filer ($96,000 joint, $72,000 head of household).

How much Hawaii tax is due on a capital gain?

A single filer with $75,000 of wages owes $3,625 of Hawaii tax on a $50,000 long-term gain, 7.25% of the gain, and $18,125, 7.25%, on a $250,000 gain. Federal tax on the same gains is $7,500 and $42,250.

Does Hawaii tax short-term capital gains differently?

Yes. A $10,000 short-term gain owes $760 of Hawaii tax, against $725 on a long-term gain. Federal tax on it is $2,200, against $1,500.

When does Hawaii's 7.25% capital gains rate apply?

When it lowers the tax. Hawaii's ordinary rates run up to 11%, so once taxable income passes the threshold, the part of a net long-term gain above both the threshold and your other taxable income is taxed at 7.25% instead. A single filer with $75,000 of wages pays $3,625 on a $50,000 long-term gain. Short-term gains always get the ordinary rates.

What the calculator leaves out

Federal tax stacks the gain on wages after the 2026 standard deduction, taxes a long-term gain at the long-term capital gains rates and a short-term gain at the ordinary brackets, and adds the net investment income tax. The gain is the only investment income. Capital losses and carryovers, qualified dividends, the collectibles and section 1250 rates, the alternative minimum tax and credits are left out; enter a home sale's gain after any federal exclusion.

Sources

Read the full assumptions and sources.