#CAPITAL GAINS TAX BRACKETS BY STATE SOFTWARE#
#CAPITAL GAINS TAX BRACKETS BY STATE FREE#

The state’s wine tax is $0.50 per gallon. Beer is taxed at a rate of 16 cents per gallon. North Dakota collects an excise tax on alcoholic beverages, with rates varying depending on the type of alcohol being sold. Sales tax is applied to the total cost of the cigarettes, which includes the excise tax. In addition to that excise tax, the general sales tax still applies. The state excise tax on a pack of cigarettes is 44 cents per pack. North Dakota smokers pay some of the lowest cigarette taxes in the U.S. North Dakota’s gas tax is 23 cents per gallon. Want to drive from Fargo to Williston? It’s a beautiful drive, but you’ll want to keep in mind state and federal gas taxes you have to pay along the way. On the other hand, some products, like gasoline and tobacco, face special excise taxes, as described in the following sections. Other exemptions from the North Dakota sales tax include: prescription drugs, medical devices, electricity, bibles, textbooks, newspapers, water and diabetic equipment. Food that is purchased for consumption at home is exempt, but prepared food is not. Motor vehicles are subject to a separate excise tax of 5%, and are not subject to the local tax rates shown above. Some services are also taxed, including deliveries of taxable items, communications services and construction or assembly of a taxable item. This includes most consumer products and household goods. The total tax rates above apply to “tangible personal property” sold in the state. The table below shows state and local rates for every county in the state, as well as the major cities. That means the highest rate possible in North Dakota is 8.5%. The statewide sales tax rate is 5%, but many counties and cities collect additional local option sales taxes, with rates as high as 3.5%. Sales taxes are one of North Dakota’s most important sources of revenue. To calculate the exclusion, take the smaller of net long-term gains and net long-term gains less net short-term losses (these can be found on IRS form 1040, Schedule D) and multiply it by 0.4. The exclusion is equal to 40% of your net long-term gains. North Dakota Capital Gains TaxĬapital gains are included as taxable income in North Dakota however long-term gains may be eligible for the North Dakota net long-term gain exclusion.

#CAPITAL GAINS TAX BRACKETS BY STATE SOFTWARE#

Consider hiring a professional accountant or looking into tax preparation software to help file your returns. It is one of just a handful of states that tax Social Security benefits. Social Security benefits are subject to the state income tax in North Dakota. In addition, some capital gains can be excluded. You can also subtract contributions to a North Dakota College SAVE account, up to $5,000 for single filers and $10,000 for joint filers. savings bonds is exempt, as is active duty pay from the National Guard or U.S. A number of items that are taxed federally can be subtracted from taxable income in North Dakota. North Dakota taxable income is pretty similar to federal taxable income. The table below shows brackets for all filing statuses in North Dakota. Lower earners pay lower rates, depending on their income tax bracket.

North Dakota Income TaxesĪfter several rounds of tax cuts in recent years, North Dakota has some of the lowest state income tax rates in the country. Not a North Dakota taxpayer yet, but planning a move to the Peace Garden State? If you’re planning on using a mortgage to purchase a home, take a look at our comprehensive North Dakota mortgage guide to learn more about rates and the details of getting a mortgage in the state. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

#CAPITAL GAINS TAX BRACKETS BY STATE FREE#

SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. Of course, the financial impact of that tax and others in North Dakota depends on individual taxpayer circumstances.Ī financial advisor can help you understand how taxes fit into your overall financial goals. That’s below the national average of 1.07%. The average effective property tax rate is also just 0.94%. When accounting for local rates, the average sales tax in the Roughrider State is 5.96%. The state’s sales taxes stand below the national average. The current income tax rates are the lowest in the country, ranging from 1.1% to 2.9%. The booming economy in North Dakota in recent years has allowed the state to significantly cut taxes.

Gas tax: 23.00 cents per gallon of regular gasoline and diesel.

Property tax: 0.94% average effective rate.

Capital gains tax brackets by state