Updated May 10, 2026
Capital Gains: 5.8%-9.15% (taxed as ordinary income)Income Tax: 5.8%-9.15%Tax Summary
Maine treats cryptocurrency as property following federal IRS rules. Capital gains from sales and ordinary income from mining or staking are taxed as ordinary income at state rates. Rates range from 5.8% to 9.15% for tax year 2026.
Quick facts for Maine, United States
Capital Gains Tax
5.8%-9.15% (taxed as ordinary income)Income Tax Rate
5.8%-9.15%Capital Gains Tax
5.8%-9.15% (taxed as ordinary income)• Crypto capital gains classified per federal rules: short-term (≤1 year) or long-term (>1 year).
• Taxed as ordinary income at Maine income tax rates; no preferential long-term rate.
• No state-specific exemptions or thresholds for crypto gains.
• Included in federal AGI, flows to Maine Form 1040ME.
• Taxed as ordinary income at Maine income tax rates; no preferential long-term rate.
• No state-specific exemptions or thresholds for crypto gains.
• Included in federal AGI, flows to Maine Form 1040ME.
Income Tax
5.8%-9.15%• Mining income taxed as ordinary income upon receipt at fair market value.
• Staking rewards taxed as ordinary income when received.
• Follows federal classification; no state-specific rules.
• Reported as part of federal gross income on state return.
• Staking rewards taxed as ordinary income when received.
• Follows federal classification; no state-specific rules.
• Reported as part of federal gross income on state return.
Reporting Requirements
• Report all crypto income/gains via federal return; starts Maine AGI.
• File Maine Form 1040ME; attach federal Schedule D if applicable.
• Deadline: April 15; extensions to October 15 available.
• File Maine Form 1040ME; attach federal Schedule D if applicable.
• Deadline: April 15; extensions to October 15 available.
Special Notes
• No official Maine guidance on cryptocurrency taxation.
• 2% surcharge on taxable income over $1M (single) or $1.5M (joint) for 2026+.
• Maine conforms to federal IRC through Dec 31, 2025.
• 2% surcharge on taxable income over $1M (single) or $1.5M (joint) for 2026+.
• Maine conforms to federal IRC through Dec 31, 2025.
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)
Indiana
CG: 2.95% state + 0.5%-3% local county (varies)Income: 2.95% state + 0.5%-3% local county (varies)
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%
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%
Maine Crypto Tax FAQ
Is cryptocurrency taxed in Maine?
Maine treats cryptocurrency as property following federal IRS rules. Capital gains from sales and ordinary income from mining or staking are taxed as ordinary income at state rates. Rates range from 5.8% to 9.15% for tax year 2026.
What is the crypto capital gains tax rate in Maine?
The state-level capital gains treatment in Maine is currently listed as 5.8%-9.15% (taxed as ordinary income).
How do I report crypto taxes in Maine?
• Report all crypto income/gains via federal return; starts Maine AGI.
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.