Capital Gains Tax - Tax Year 2025 Initial Collections

Initial net collections for tax year 2025 have exceeded $1.5 billion.

• 6,726 returns have been filed; an additional 4,468 return filing extensions have been granted.
• Returns were due April 15, 2026 (May 1, 2026, for those impacted by flooding) unless they received an extension. The extended deadline is October 15, 2026.
• Filers with an extension must submit an estimated payment by the initial due date. Because the payment is estimated, some may have over or underpaid which could impact collection numbers.
• Refunds or additional payments made after the close of the fiscal year June 30, 2026, will impact fiscal year 2027 collections.

Net payments* by tax year:

• 2025 - $1.5 billion, 9,050 net payments
• 2024 - $583.8 million, 6,727 net payments
• 2023 - $394.7 million, 3,649 net payments
• 2022 - $782.0 million, 3,625 net payments

*Net payment means the total of payments received, minus the sum of refunds issued, as of June 9, 2026. Refunds issued or payments received after June 9, 2026, are not included in the totals.