Updated May 10, 2026
Capital Gains: 2.95% state + 0.5%-3% local county (varies)Income Tax: 2.95% state + 0.5%-3% local county (varies)Tax Summary
Indiana treats cryptocurrency as property, following IRS guidelines. Capital gains and crypto income are taxed as ordinary income at a flat state rate of 2.95% plus local county rates (0.5%-3%). No special crypto taxes or exemptions apply.
Quick facts for Indiana, United States
Capital Gains Tax
2.95% state + 0.5%-3% local county (varies)Income Tax Rate
2.95% state + 0.5%-3% local county (varies)Estimate your crypto taxes in United States
Use our free calculator to model trading gains, staking income, mining income, and other crypto income using the headline rates from the matching country guide.
Educational only. If the guide has a tax-rate range, the calculator will show a low/high estimate.
Open calculatorCapital Gains Tax
2.95% state + 0.5%-3% local county (varies)- Crypto capital gains are classified as ordinary income in Indiana.
- Taxed at flat state income tax rate; no short/long-term distinction at state level.
- Follows federal rules for cost basis, holding periods, and reporting.
- No Indiana-specific exemptions or thresholds for crypto gains.
- Taxed at flat state income tax rate; no short/long-term distinction at state level.
- Follows federal rules for cost basis, holding periods, and reporting.
- No Indiana-specific exemptions or thresholds for crypto gains.
Income Tax
2.95% state + 0.5%-3% local county (varies)- Mining income taxed as ordinary income at FMV upon receipt.
- Staking rewards taxed as ordinary income when control obtained.
- Included in federal AGI and subject to state income tax rates.
- No state-specific rules differing from federal treatment.
- Staking rewards taxed as ordinary income when control obtained.
- Included in federal AGI and subject to state income tax rates.
- No state-specific rules differing from federal treatment.
Reporting Requirements
- Report all crypto transactions on federal forms (8949, Schedule D, Schedule 1).
- File Indiana IT-40 using federal AGI; no separate crypto forms.
- Due April 15, 2027 for 2026 tax year; federal extension auto-applies to state.
- File Indiana IT-40 using federal AGI; no separate crypto forms.
- Due April 15, 2027 for 2026 tax year; federal extension auto-applies to state.
Special Notes
- 2026 state rate: 2.95%, down from prior years.
- HB 1042 (2026) bans discriminatory taxes on crypto and allows in state pensions.
- Local county income taxes apply additionally; check specific county rate.
- Consult DOR for updates as no dedicated crypto guidance exists.
- HB 1042 (2026) bans discriminatory taxes on crypto and allows in state pensions.
- Local county income taxes apply additionally; check specific county rate.
- Consult DOR for updates as no dedicated crypto guidance exists.
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: 0-3.7% (50% deduction on long-term gains)Income: 0-3.7%
California
CG: 1%-13.3%Income: 1%-13.3%
Colorado
CG: 4.4% (flat rate)Income: 4.4% (flat rate)
Connecticut
CG: 2-6.99%Income: 2-6.99%
Delaware
CG: 2.2%-6.6%Income: 2.2%-6.6%
District of Columbia
CG: 4-10.75% (taxed as ordinary income)Income: 4-10.75%
Florida
CG: 0%Income: 0%
Georgia
CG: 5.19%Income: 5.19%
Hawaii
CG: Varies: short-term 1.4-11%, net long-term up to 7.25%Income: 1.4-11%
Idaho
CG: 0-5.3%Income: 0-5.3%
Illinois
CG: 4.95% (flat rate)Income: 4.95% (flat rate)
Iowa
CG: 3.8%Income: 3.8%
Kansas
CG: 5.2%-5.58%Income: 5.2%-5.58%
Kentucky
CG: 3.5%Income: 3.5%
Louisiana
CG: 3%Income: 3%
Maine
CG: 5.8%-9.15% (taxed as ordinary income)Income: 5.8%-9.15%
Maryland
CG: 2%-6.5% state + 2.25%-3.2% local; +2% surtax on net gains if FAGI >$350,000Income: 2%-6.5% state + 2.25%-3.2% local (varies by county)
Massachusetts
CG: 5% (LTCG), 8.5% (STCG) + 4% surtax >$1,083,150Income: 5% + 4% surtax >$1,083,150
Michigan
CG: 4.25%Income: 4.25%
Minnesota
CG: 5.35%-9.85% (+1% NIIT on net investment income > $1M)Income: 5.35%-9.85%
Mississippi
CG: 0% on first $10,000; 4.4% thereafterIncome: 0% on first $10,000; 4.4% thereafter
Missouri
CG: 0%Income: 2%-4.7%
Montana
CG: Long-term: 3.0%-4.1%; Short-term: 4.7%-5.65%Income: 4.7%-5.65%
Nebraska
CG: 2.46%-4.55% (taxed as ordinary income)Income: 2.46%-4.55%
Nevada
CG: 0%Income: 0%
New Hampshire
CG: 0%Income: 0%
New Jersey
CG: 1.4%-10.75% (as ordinary income)Income: 1.4%-10.75%
New Mexico
CG: 1.5% - 5.9%Income: 1.5% - 5.9%
New York
CG: 4-10.9% (state) + 3.078-3.876% (NYC)Income: 4-10.9% (state) + 3.078-3.876% (NYC)
North Carolina
CG: 3.99% (taxed as ordinary income)Income: 3.99%
North Dakota
CG: Short-term: 0%-2.5%; Long-term: effective 0%-1.5% after 40% exclusionIncome: 0%-2.5%
Ohio
CG: 2.75% (flat on income > $26,050)Income: 2.75% (flat on income > $26,050)
Oklahoma
CG: 0%-4.5%Income: 0%-4.5%
Oregon
CG: 4.75%-9.9%Income: 4.75%-9.9%
Pennsylvania
CG: 3.07% (flat rate)Income: 3.07% (flat rate)
Rhode Island
CG: 3.75%-5.99%Income: 3.75%-5.99%
South Carolina
CG: 1.99%-5.21% (44% deduction for net long-term capital gains)Income: 1.99%-5.21%
South Dakota
CG: 0%Income: 0%
Tennessee
CG: 0%Income: 0%
Texas
CG: 0%Income: 0%
Utah
CG: 4.5%Income: 4.5%
Vermont
CG: 3.35%-8.75%Income: 3.35%-8.75%
Virginia
CG: 2-5.75%Income: 2-5.75%
Washington
CG: 7% on long-term gains exceeding $278,000 (2025 threshold, inflation-adjusted)Income: 0% (no state income tax)
West Virginia
CG: 2.11% - 4.58% (taxed as ordinary income)Income: 2.11% - 4.58%
Wisconsin
CG: 3.5%-7.65% (30% subtraction for long-term)Income: 3.5%-7.65%
Wyoming
CG: 0%Income: 0%
Indiana Crypto Tax FAQ
Is cryptocurrency taxed in Indiana?
Indiana treats cryptocurrency as property, following IRS guidelines. Capital gains and crypto income are taxed as ordinary income at a flat state rate of 2.95% plus local county rates (0.5%-3%). No special crypto taxes or exemptions apply.
What is the crypto capital gains tax rate in Indiana?
The state-level capital gains treatment in Indiana is currently listed as 2.95% state + 0.5%-3% local county (varies).
How do I report crypto taxes in Indiana?
- Report all crypto transactions on federal forms (8949, Schedule D, Schedule 1).
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.