Updated May 10, 2026
Capital Gains: 2%-6.5% state + 2.25%-3.2% local; +2% surtax on net gains if FAGI >$350,000Income Tax: 2%-6.5% state + 2.25%-3.2% local (varies by county)Tax Summary
Maryland treats cryptocurrency as property following federal IRS rules. Capital gains and crypto income are taxed at state rates of 2%-6.5% plus local rates of 2.25%-3.2%. An additional 2% surtax applies to net capital gains if federal AGI exceeds $350,000.
Quick facts for Maryland, United States
Capital Gains Tax
2%-6.5% state + 2.25%-3.2% local; +2% surtax on net gains if FAGI >$350,000Income Tax Rate
2%-6.5% state + 2.25%-3.2% local (varies by county)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%-6.5% state + 2.25%-3.2% local; +2% surtax on net gains if FAGI >$350,000• Crypto capital gains classified as short-term (≤1 year, ordinary income) or long-term (>1 year) per federal rules.
• Taxed as ordinary income at Maryland state and local income tax rates.
• Additional 2% tax on net capital gains (long-term gains over short-term losses) if FAGI >$350,000, effective TY2025.
• No state-specific exemptions for crypto; federal exclusions (e.g., retirement accounts) apply.
• Primary residence gains up to $1.5M exempt from 2% surtax.
• Taxed as ordinary income at Maryland state and local income tax rates.
• Additional 2% tax on net capital gains (long-term gains over short-term losses) if FAGI >$350,000, effective TY2025.
• No state-specific exemptions for crypto; federal exclusions (e.g., retirement accounts) apply.
• Primary residence gains up to $1.5M exempt from 2% surtax.
Income Tax
2%-6.5% state + 2.25%-3.2% local (varies by county)• Mining income taxed as ordinary income upon receipt at fair market value.
• Staking rewards taxed as ordinary income when received or receivable.
• No special state rules; follows federal classification and timing.
• Self-employment tax may apply federally if business activity.
• Staking rewards taxed as ordinary income when received or receivable.
• No special state rules; follows federal classification and timing.
• Self-employment tax may apply federally if business activity.
Reporting Requirements
• Report all crypto gains/income on federal returns (Schedule D, Form 8949, Schedule 1); flows to MD Form 502/503.
• Use Form 502CG to calculate and report 2% capital gains surtax if applicable.
• File by April 15 (TY2025 due April 2026); extensions to October 15 with payment.
• Local tax via Schedule of Local Tax (piggyback).
• Use Form 502CG to calculate and report 2% capital gains surtax if applicable.
• File by April 15 (TY2025 due April 2026); extensions to October 15 with payment.
• Local tax via Schedule of Local Tax (piggyback).
Special Notes
• No Maryland-specific crypto guidance; strictly conforms to federal property treatment.
• New higher brackets (6.25%, 6.5%) effective 2025 for high earners.
• 2% cap gains surtax applies to crypto gains; exceptions for certain real estate, retirement assets.
• Local rates vary (e.g., Baltimore City 3.2%, most 3.0%-3.2%).
• Digital asset task force formed in 2026; monitor for future changes.
• New higher brackets (6.25%, 6.5%) effective 2025 for high earners.
• 2% cap gains surtax applies to crypto gains; exceptions for certain real estate, retirement assets.
• Local rates vary (e.g., Baltimore City 3.2%, most 3.0%-3.2%).
• Digital asset task force formed in 2026; monitor for future changes.
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%
Maine
CG: 5.8%-9.15% (taxed as ordinary income)Income: 5.8%-9.15%
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%
Maryland Crypto Tax FAQ
Is cryptocurrency taxed in Maryland?
Maryland treats cryptocurrency as property following federal IRS rules. Capital gains and crypto income are taxed at state rates of 2%-6.5% plus local rates of 2.25%-3.2%. An additional 2% surtax applies to net capital gains if federal AGI exceeds $350,000.
What is the crypto capital gains tax rate in Maryland?
The state-level capital gains treatment in Maryland is currently listed as 2%-6.5% state + 2.25%-3.2% local; +2% surtax on net gains if FAGI >$350,000.
How do I report crypto taxes in Maryland?
• Report all crypto gains/income on federal returns (Schedule D, Form 8949, Schedule 1); flows to MD Form 502/503.
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.