Updated October 23, 2025
Capital Gains: 0-5.8%Income Tax: 0-5.8%Quick Facts: Idaho, United States Crypto Taxes
Capital Gains Tax
0-5.8%Income Tax Rate
0-5.8%Tax Summary
Idaho taxes cryptocurrency as property, following federal guidelines. Capital gains and income from crypto are subject to state income tax. Residents must report crypto transactions on state returns if they meet filing thresholds.
Capital Gains Tax
0-5.8%- Crypto capital gains are classified as ordinary income in Idaho.
- State taxes capital gains at the same rate as regular income, with a flat rate of 5.8% for 2023.
- Exemptions include standard deductions and personal exemptions, potentially reducing taxable gains to zero for low-income filers.
- Long-term and short-term gains are both taxed as ordinary income without preferential rates.
- State taxes capital gains at the same rate as regular income, with a flat rate of 5.8% for 2023.
- Exemptions include standard deductions and personal exemptions, potentially reducing taxable gains to zero for low-income filers.
- Long-term and short-term gains are both taxed as ordinary income without preferential rates.
Income Tax
0-5.8%- Mining income is taxed as ordinary income upon receipt in Idaho.
- Staking rewards are treated as ordinary income when earned.
- Idaho follows federal rules for crypto income taxation.
- Deductions for mining expenses may apply if properly documented.
- Staking rewards are treated as ordinary income when earned.
- Idaho follows federal rules for crypto income taxation.
- Deductions for mining expenses may apply if properly documented.
Reporting Requirements
- Report crypto gains, losses, and income on Idaho state tax return if filing is required.
- Use Idaho Form 40 for individuals or Form 41 for trusts/estates.
- Filing deadline is April 15, or the next business day if it falls on a weekend/holiday.
- Use Idaho Form 40 for individuals or Form 41 for trusts/estates.
- Filing deadline is April 15, or the next business day if it falls on a weekend/holiday.
Special Notes
- Idaho does not impose sales tax on cryptocurrency purchases or sales.
- Recent tax reforms in 2023 introduced a flat 5.8% income tax rate.
- Consult a tax professional for complex crypto transactions, as state rules align closely with IRS guidelines.
- No specific crypto mining incentives or exemptions in Idaho.
- Recent tax reforms in 2023 introduced a flat 5.8% income tax rate.
- Consult a tax professional for complex crypto transactions, as state rules align closely with IRS guidelines.
- No specific crypto mining incentives or exemptions in Idaho.
Other US States
Compare state-level crypto tax differences across the United States.
Alabama
CG: 2-5%Income: 2-5%
Alaska
CG: 0%Income: 0%
Arizona
CG: 2.5%Income: 2.5%
Arkansas
CG: Varies (0% - 4.9%)Income: Varies (0% - 4.9%)
California
CG: 1-13.3%Income: 1-13.3%
Colorado
CG: 4.4%Income: 4.4%
Connecticut
CG: 3-6.99%Income: 3-6.99%
Delaware
CG: 0% - 6.6%Income: 0% - 6.6%
Florida
CG: 0%Income: 0%
Georgia
CG: 1-5.75%Income: 1-5.75%
Hawaii
CG: 1.4% - 11%Income: 1.4% - 11%
Illinois
CG: 4.95%Income: 4.95%
Indiana
CG: 3.05% state + 0-3.38% countyIncome: 3.05% state + 0-3.38% county
Iowa
CG: Varies (4.40% - 6.00%)Income: Varies (4.40% - 6.00%)
Kansas
CG: 3.1-5.7%Income: 3.1-5.7%
Kentucky
CG: 4.5%Income: 4.5%
Louisiana
CG: 1.85% - 4.25%Income: 1.85% - 4.25%
Maine
CG: 5.8% - 7.15%Income: 5.8% - 7.15%
Maryland
CG: Varies (2% - 5.75% state + 1.75% - 3.2% local)Income: Varies (2% - 5.75% state + 1.75% - 3.2% local)
Massachusetts
CG: 5-12%Income: 5%
Michigan
CG: 4.25%Income: 4.25%
Minnesota
CG: 5.35% - 9.85%Income: 5.35% - 9.85%
Mississippi
CG: 0-5%Income: 0-5%
Missouri
CG: 1.5-5.3%Income: 1.5-5.3%
Montana
CG: 1%-6.9%Income: 1%-6.9%
Nebraska
CG: 2.46% - 6.64%Income: 2.46% - 6.64%
Nevada
CG: 0%Income: 0%
New Hampshire
CG: 0%Income: 0%
New Jersey
CG: 1.4% - 10.75%Income: 1.4% - 10.75%
Idaho Crypto Tax FAQ
Idaho taxes cryptocurrency as property, following federal guidelines. Capital gains and income from crypto are subject to state income tax. Residents must report crypto transactions on state returns if they meet filing thresholds.
The state-level capital gains treatment in Idaho is currently listed as 0-5.8%.
- Report crypto gains, losses, and income on Idaho state tax return if filing is required.
Compare With Other Countries
Disclaimer: This information is AI-generated and for educational purposes only. Tax laws are complex and subject to change. Always consult with a qualified tax professional for advice specific to your situation.