Updated May 10, 2026
Capital Gains: 0% on first $10,000; 4.4% thereafterIncome Tax: 0% on first $10,000; 4.4% thereafterTax Summary
Mississippi treats cryptocurrency as property following federal guidelines. Capital gains and crypto income are taxed as ordinary income at state rates. Rates are 0% on first $10,000 taxable income, 4.4% thereafter.
Quick facts for Mississippi, United States
Capital Gains Tax
0% on first $10,000; 4.4% thereafterIncome Tax Rate
0% on first $10,000; 4.4% thereafterCapital Gains Tax
0% on first $10,000; 4.4% thereafter• Crypto capital gains classified as property sales per federal rules, included in state taxable income.
• No preferential long-term rates; taxed at ordinary state income rates.
• No Mississippi-specific exemptions or thresholds for crypto gains.
• Holding period irrelevant for state tax; follows federal cost basis.
• No preferential long-term rates; taxed at ordinary state income rates.
• No Mississippi-specific exemptions or thresholds for crypto gains.
• Holding period irrelevant for state tax; follows federal cost basis.
Income Tax
0% on first $10,000; 4.4% thereafter• Mining income taxed as ordinary income at fair market value when received.
• Staking rewards taxed as ordinary income upon receipt.
• No state-specific rules; conforms to federal treatment.
• Self-employment tax may apply federally if business.
• Staking rewards taxed as ordinary income upon receipt.
• No state-specific rules; conforms to federal treatment.
• Self-employment tax may apply federally if business.
Reporting Requirements
• Residents file Form 80 if Mississippi taxable income exceeds $10,000 or owe tax.
• Report crypto transactions via federal Schedule D and Form 8949, flow to state return.
• Key deadline: April 15; extensions available to October 15.
• Report crypto transactions via federal Schedule D and Form 8949, flow to state return.
• Key deadline: April 15; extensions available to October 15.
Special Notes
• No unique Mississippi crypto tax regulations or sales tax on crypto.
• State income tax rates reduced to 4.4% in 2025; further reductions planned.
• Conforms to federal IRC for crypto classification.
• Consult DOR or tax professional for personalized advice.
• State income tax rates reduced to 4.4% in 2025; further reductions planned.
• Conforms to federal IRC for crypto classification.
• Consult DOR or tax professional for personalized advice.
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)
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%
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%
Mississippi Crypto Tax FAQ
Is cryptocurrency taxed in Mississippi?
Mississippi treats cryptocurrency as property following federal guidelines. Capital gains and crypto income are taxed as ordinary income at state rates. Rates are 0% on first $10,000 taxable income, 4.4% thereafter.
What is the crypto capital gains tax rate in Mississippi?
The state-level capital gains treatment in Mississippi is currently listed as 0% on first $10,000; 4.4% thereafter.
How do I report crypto taxes in Mississippi?
• Residents file Form 80 if Mississippi taxable income exceeds $10,000 or owe tax.
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.