The 2024 picture for Nevada residents
Nevada has no state income tax, so the 2024 tax picture for its residents was entirely federal: ordinary rates up to 37%, capital gains up to 23.8%, and federal Medicare taxes. That was the structural advantage that drove tech-employee relocations into Nevada throughout the decade.
2024 federal capital gains brackets
In $2024, federal long-term capital gains rates were 0% up to approximately $44,625, 15% up to approximately $492,300, and 20% above. The 3.8% NIIT added for MAGI above $200,000 single, producing a 23.8% top federal rate on long-term equity sales.
Nevada treatment in 2024
Nevada imposed no state income tax on capital gains in 2024, so federal 23.8% was the ceiling. This was a meaningful structural advantage for equity sellers compared to California and New York peers.
Frequently asked
- What supplemental-wage withholding rate applied to RSU income in Nevada in 2024?
- The federal supplemental-wage withholding rate was 22% on the first $1,000,000 of supplemental wages per calendar year, rising to 37% above that. Nevada does not impose a state income tax on wages, so no state withholding applied.
- Did Nevada recognize federal QSBS exclusion in 2024?
- Nevada has no state income tax, so QSBS eligibility affects only federal tax. Federal Section 1202 treatment applied in 2024 identically for Nevada residents.
- What was the top federal ordinary bracket in 2024, and how did it apply to Nevada residents?
- The 37% federal ordinary bracket started around $609,350 of taxable income for single filers in 2024. Nevada added nothing at the state level, producing a combined top marginal rate of approximately 37%.