Updated May 10, 2026
Capital Gains: 5% (LTCG), 8.5% (STCG) + 4% surtax >$1,083,150Income Tax: 5% + 4% surtax >$1,083,150Tax Summary
Massachusetts treats cryptocurrency as intangible personal property following federal guidelines. Capital gains are taxed at 5% for long-term and 8.5% for short-term. All crypto income is subject to 5% tax plus 4% surtax over $1,083,150.
Quick facts for Massachusetts, United States
Capital Gains Tax
5% (LTCG), 8.5% (STCG) + 4% surtax >$1,083,150Income Tax Rate
5% + 4% surtax >$1,083,150Estimate 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
5% (LTCG), 8.5% (STCG) + 4% surtax >$1,083,150• Crypto classified as capital asset per federal rules; short-term (<1 year) or long-term (>1 year).
• LTCG taxed at 5%; STCG at 8.5%.
• 4% surtax on total taxable income >$1,083,150.
• No MA-specific exemptions or thresholds for crypto.
• LTCG taxed at 5%; STCG at 8.5%.
• 4% surtax on total taxable income >$1,083,150.
• No MA-specific exemptions or thresholds for crypto.
Income Tax
5% + 4% surtax >$1,083,150• Mining income taxed as ordinary income at FMV when mined.
• Staking rewards taxed as ordinary income at FMV when received.
• Follows federal classification; no state deviations.
• Subject to flat 5% rate plus surtax if applicable.
• Staking rewards taxed as ordinary income at FMV when received.
• Follows federal classification; no state deviations.
• Subject to flat 5% rate plus surtax if applicable.
Reporting Requirements
• Report crypto gains/income on Form 1 (residents).
• Use federal AGI with MA adjustments; cap gains on Schedule D.
• File if gross income >$8,000; due April 15 annually.
• Extensions to October 15 available.
• Use federal AGI with MA adjustments; cap gains on Schedule D.
• File if gross income >$8,000; due April 15 annually.
• Extensions to October 15 available.
Special Notes
• Surtax threshold inflation-adjusted yearly ($1,083,150 for 2025).
• No dedicated crypto guidance; conforms to IRS rules.
• Sales tax (6.25%) on crypto spent for taxable goods/services.
• Estate tax includes crypto; $2M exemption.
• No dedicated crypto guidance; conforms to IRS rules.
• Sales tax (6.25%) on crypto spent for taxable goods/services.
• Estate tax includes crypto; $2M exemption.
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%
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)
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%
Massachusetts Crypto Tax FAQ
Is cryptocurrency taxed in Massachusetts?
Massachusetts treats cryptocurrency as intangible personal property following federal guidelines. Capital gains are taxed at 5% for long-term and 8.5% for short-term. All crypto income is subject to 5% tax plus 4% surtax over $1,083,150.
What is the crypto capital gains tax rate in Massachusetts?
The state-level capital gains treatment in Massachusetts is currently listed as 5% (LTCG), 8.5% (STCG) + 4% surtax >$1,083,150.
How do I report crypto taxes in Massachusetts?
• Report crypto gains/income on Form 1 (residents).
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.