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STATE-BY-STATE GUIDES

Crypto Tax Rules by State

Every US state handles crypto taxes differently. Find your state's rules for capital gains, income tax rates, and reporting requirements.

51State guides
9No income tax states

Alabama

Alabama crypto tax guide. Learn about state income tax, capital gains, and how to report crypto on your Alabama return.

Alaska

Alaska crypto tax guide. No state income tax on crypto. Learn why Alaska is one of the best states for crypto investors.

No state income tax

Arizona

Arizona crypto tax guide. Learn about Arizona's 2.5% flat tax, capital gains treatment, and crypto reporting requirements.

Arkansas

Arkansas crypto tax guide. Learn about Arkansas progressive income tax, capital gains exemptions, and crypto reporting requirements.

California

California crypto tax guide. Learn about the 13.3% top rate, no long-term capital gains preference, and crypto reporting requirements.

Colorado

Colorado crypto tax guide. Learn about flat 4.4% tax, crypto-friendly policies, and how to report crypto gains in Colorado.

Connecticut

Connecticut crypto tax guide. Learn about progressive income tax up to 6.99%, capital gains treatment, and crypto reporting requirements.

Delaware

Delaware crypto tax guide. Learn about progressive income tax, crypto reporting, and why Delaware is known for business but not crypto tax benefits.

Florida

Florida crypto tax guide. No state income tax on crypto. Learn why Florida is one of the best states for crypto investors.

No state income tax

Georgia

Georgia crypto taxes: flat 5.49% income tax, capital gains taxed as ordinary income, state return due April 15.

Hawaii

Hawaii crypto taxes: progressive 1.4-11% income tax, historically unfriendly to crypto businesses, state return due April 20.

Idaho

Idaho crypto taxes: flat 5.8% income tax, capital gains taxed as ordinary income, state return due April 15.

Illinois

Illinois crypto taxes: flat 4.95% income tax on all gains, Chicago blockchain hub, state return due April 15.

Indiana

Indiana crypto taxes: flat 3.05% income tax, some counties have local income taxes, state return due April 15.

Iowa

Iowa crypto taxes: progressive income tax up to 6%, no capital gains preference, state return due April 30.

Kansas

Kansas crypto taxes: progressive 3.1-5.7% income tax, capital gains taxed as ordinary income, state return due April 15.

Kentucky

Kentucky crypto taxes: flat 4% income tax (reduced in 2023), capital gains taxed as ordinary income, state return due April 15.

Louisiana

Louisiana crypto taxes: progressive 1.85-4.25% income tax, no separate capital gains rate, state return due May 15.

Maine

Maine crypto taxes: progressive 5.8-7.15% income tax, alternative minimum tax, capital gains taxed as ordinary income, state return due April 15.

Crypto Tax Rules in Maryland: Complete 2024 Guide

Maryland crypto taxes explained. Learn how state income tax (2-5.75%), local county taxes, and capital gains treatment affect your crypto holdings.

Crypto Tax Rules in Massachusetts: Complete 2024 Guide

Massachusetts crypto taxes explained. Short-term crypto gains taxed at 12%, long-term at 5%. Major impact for active crypto traders and investors.

Crypto Tax Rules in Michigan: Complete 2024 Guide

Michigan crypto taxes explained. Flat 4.25% income tax applies to capital gains. Local Detroit taxes may apply. Simple state tax structure for crypto.

Crypto Tax Rules in Minnesota: Complete 2024 Guide

Minnesota crypto taxes explained. Progressive income tax 5.35-9.85%, no preferential capital gains treatment. Crypto gains taxed as ordinary income.

Crypto Tax Rules in Mississippi: Complete 2024 Guide

Mississippi crypto taxes explained. Flat 4.7% income tax, recently reduced. Capital gains taxed as ordinary income. Income exemption for first $10,000.

Crypto Tax Rules in Missouri: Complete 2024 Guide

Missouri crypto taxes explained. Progressive income tax up to 4.95%, recently reduced. Capital gains taxed as ordinary income with plans for further cuts.

Crypto Tax Rules in Montana: Complete 2024 Guide

Montana crypto taxes explained. Progressive income tax 1-6.75%, capital gains credit reduces long-term rate. Unique tax advantage for long-term crypto holders.

Crypto Tax Rules in Nebraska: Complete 2024 Guide

Nebraska crypto taxes explained. Progressive income tax 2.46-6.64%, rates being reduced. Capital gains taxed as ordinary income at marginal rates.

Crypto Tax Rules in Nevada: Complete 2024 Guide

Nevada crypto taxes explained. No state income tax. Crypto capital gains not taxed. Only federal taxes apply. Best state for crypto investors.

No state income tax

Crypto Tax Rules in New Hampshire: Complete 2024 Guide

New Hampshire crypto taxes explained. No tax on wages or capital gains. Only interest/dividends taxed. Attractive for crypto investors despite unique structure.

No state income tax

Crypto Tax Rules in New Jersey: Complete 2024 Guide

New Jersey crypto taxes explained. Progressive income tax 1.4-10.75%, highest in nation. No preferential capital gains treatment. Local taxes may apply.

Crypto Tax Rules in New Mexico: Capital Gains Deductions & State Tax Rates

New Mexico crypto taxes explained. Progressive 1.7-5.9% rate, capital gains deduction up to $1,000. State return due April 15.

Crypto Tax Rules in New York: State Income Tax & BitLicense Regulations

New York crypto taxes explained. Progressive 4-10.9% state tax plus NYC income tax. Stricter BitLicense enforcement. Form 8949 required.

Crypto Tax Rules in North Carolina: Flat 4.5% Income Tax & Capital Gains

North Carolina crypto taxes explained. Flat 4.5% income tax (phasing down). Capital gains taxed as ordinary income. Return due April 15.

Crypto Tax Rules in North Dakota: Low 0-2.5% Tax Rate & Minimal Regulations

North Dakota crypto taxes explained. Progressive 0-2.5% income tax, one of lowest in US. Capital gains taxed ordinarily. Filing deadline April 15.

Crypto Tax Rules in Ohio: Progressive 0-3.99% Tax Rate & Early Crypto Adoption

Ohio crypto taxes explained. Progressive 0-3.99% income tax. Capital gains taxed ordinarily. Ohio accepted crypto for tax payments previously.

Crypto Tax Rules in Oklahoma: Progressive 0.25-4.75% Tax & Capital Gains Deduction

Oklahoma crypto taxes explained. Progressive 0.25-4.75% income tax. Capital gains deduction available for certain gains. State return due April 15.

Crypto Tax Rules in Oregon: High 4.75-9.9% Income Tax & No Sales Tax

Oregon crypto taxes explained. Progressive 4.75-9.9% income tax, among highest rates. No sales tax but high income tax. Return due April 15.

Crypto Tax Rules in Pennsylvania: Flat 3.07% Tax & Limited Loss Carryforwards

Pennsylvania crypto taxes explained. Flat 3.07% income tax. Unique: no loss carryforwards allowed. Capital losses only offset gains in same year.

Crypto Tax Rules in Rhode Island: Progressive 3.75-5.99% Income Tax

Rhode Island crypto taxes explained. Progressive 3.75-5.99% income tax. Capital gains taxed ordinarily. Return due April 15.

Crypto Tax Rules in South Carolina: Progressive 0-6.5% Tax & 44% Long-Term Deduction

South Carolina crypto taxes explained. Progressive 0-6.5% income tax. 44% capital gains deduction on long-term gains. Return due April 15.

Crypto Tax Rules in South Dakota: No State Income Tax, Best for Crypto Investors

South Dakota crypto taxes explained. No state income tax. No capital gains tax. Favorable for crypto. Also great for trusts and wealth protection.

No state income tax

Crypto Tax Rules in Tennessee 2024

Tennessee has no state income tax on crypto. Learn what crypto investors need to know about Tennessee's favorable tax treatment and federal-only reporting requirements.

No state income tax

Crypto Tax Rules in Texas 2024

Texas has no state income tax or capital gains tax, making it extremely crypto-friendly. Learn about Texas crypto taxes, mining hubs, and federal-only reporting requirements.

No state income tax

Crypto Tax Rules in Utah 2024

Utah has a flat 4.65% income tax on crypto gains. Learn how Utah taxes cryptocurrency, capital gains treatment, and reporting requirements for investors.

Crypto Tax Rules in Vermont 2024

Vermont has progressive income tax of 3.35-8.75% on crypto gains. Learn how Vermont taxes cryptocurrency capital gains and reporting requirements for residents.

Crypto Tax Rules in Virginia 2024

Virginia has progressive income tax of 2-5.75% on crypto gains. Learn how Virginia taxes cryptocurrency capital gains, reporting requirements, and Northern Virginia tech corridor impacts.

Crypto Tax Rules in Washington DC 2024

Washington DC has progressive income tax of 4-10.75% on crypto gains. Learn how DC taxes cryptocurrency, multi-jurisdiction filing, and reporting requirements.

No state income tax

Crypto Tax Rules in Washington State 2024

Washington State has no income tax but a 7% capital gains tax on long-term gains over $250,000. Learn how the capital gains tax affects high-earning crypto investors.

No state income tax

Crypto Tax Rules in West Virginia 2024

West Virginia has progressive income tax of 3-6.5% on crypto gains. Learn how West Virginia taxes cryptocurrency, mining activities, and reporting requirements.

Crypto Tax Rules in Wisconsin 2024

Wisconsin has progressive income tax of 3.54-7.65% on crypto gains. Learn how Wisconsin taxes cryptocurrency capital gains and reporting requirements for residents.

Crypto Tax Rules in Wyoming 2024

Wyoming has no state income tax and is the most crypto-friendly state in America. Learn about Wyoming's pro-crypto legislation, DAOs, SPDIs, and why crypto companies choose Wyoming.

No state income tax