Are capital gains taxed at the local level?

Mar 24, 2017

I live in Bloomfield Township in Pennsylvania. When I go online to do my local taxes on Berkheimer, there is no Schedule D form available to fill out. Does that mean it does not have to be claimed?

Capital gains, as well as other types of unearned income such as dividends and interest, are not subject to the local earned income tax. Pensions, Social Security, and unemployment benefits also are not subject to the local earned income tax.

Check out PICPA’s Money & Life Tips, Ask a CPA, or CPA Locator for more resources.
Answered by: William R. Lazor, CPA, is a partner/shareholder with Kronick Kalada Berdy & Company PC in Kingston, Pa.
Pennsylvania CPA Journal

Read the latest from the Pennsylvania CPA Journal online or via the mobile app and digital edition.

Read More


Get the latest info on professional trends, management, and leadership skills on CPA Now.

Read More

Premier Sponsors

Platinum Sponsors

Gallagher Bollinger Logo

Silver Sponsors

Paychex logo
Capstan Logo
epsa USA

Bronze Sponsors

Fox School of Business, Temple University

Interested in becoming a sponsor? View packages >