Updated October 23, 2025
Capital Gains: 1%-6.9%Income Tax: 1%-6.9%Quick Facts: Montana, United States Crypto Taxes
Capital Gains Tax
1%-6.9%Income Tax Rate
1%-6.9%Tax Summary
Montana taxes cryptocurrency as property, following federal guidelines. Capital gains and income from crypto are subject to state income tax. Rates are progressive, ranging from 1% to 6.9%.
Capital Gains Tax
1%-6.9%- Crypto capital gains are classified as ordinary income in Montana.
- State-specific rules tax them at progressive income tax rates, with no separate capital gains tax.
- Exemptions include standard state deductions and credits; no crypto-specific thresholds.
- Key rule: Long-term and short-term gains are both taxed as ordinary income.
- State-specific rules tax them at progressive income tax rates, with no separate capital gains tax.
- Exemptions include standard state deductions and credits; no crypto-specific thresholds.
- Key rule: Long-term and short-term gains are both taxed as ordinary income.
Income Tax
1%-6.9%- Mining income is taxed as ordinary income upon receipt in Montana.
- Staking rewards are treated as ordinary income when earned.
- State-specific rules follow federal classification for crypto income.
- Key rule: Income from airdrops or forks is also taxable as ordinary income.
- Staking rewards are treated as ordinary income when earned.
- State-specific rules follow federal classification for crypto income.
- Key rule: Income from airdrops or forks is also taxable as ordinary income.
Reporting Requirements
- Report all crypto income and gains on Montana state tax return.
- Use Form 2 for individual income tax filing.
- Key deadline: April 15, or October 15 if extended.
- Use Form 2 for individual income tax filing.
- Key deadline: April 15, or October 15 if extended.
Special Notes
- Montana's House Bill 693 (2023) exempts digital assets from property tax when used as payment.
- No state sales tax on crypto transactions.
- Recent changes emphasize pro-crypto stance, but income tax applies fully.
- No state sales tax on crypto transactions.
- Recent changes emphasize pro-crypto stance, but income tax applies fully.
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: Varies (0% - 4.9%)Income: Varies (0% - 4.9%)
California
CG: 1-13.3%Income: 1-13.3%
Colorado
CG: 4.4%Income: 4.4%
Connecticut
CG: 3-6.99%Income: 3-6.99%
Delaware
CG: 0% - 6.6%Income: 0% - 6.6%
Florida
CG: 0%Income: 0%
Georgia
CG: 1-5.75%Income: 1-5.75%
Hawaii
CG: 1.4% - 11%Income: 1.4% - 11%
Idaho
CG: 0-5.8%Income: 0-5.8%
Illinois
CG: 4.95%Income: 4.95%
Indiana
CG: 3.05% state + 0-3.38% countyIncome: 3.05% state + 0-3.38% county
Iowa
CG: Varies (4.40% - 6.00%)Income: Varies (4.40% - 6.00%)
Kansas
CG: 3.1-5.7%Income: 3.1-5.7%
Kentucky
CG: 4.5%Income: 4.5%
Louisiana
CG: 1.85% - 4.25%Income: 1.85% - 4.25%
Maine
CG: 5.8% - 7.15%Income: 5.8% - 7.15%
Maryland
CG: Varies (2% - 5.75% state + 1.75% - 3.2% local)Income: Varies (2% - 5.75% state + 1.75% - 3.2% local)
Massachusetts
CG: 5-12%Income: 5%
Michigan
CG: 4.25%Income: 4.25%
Minnesota
CG: 5.35% - 9.85%Income: 5.35% - 9.85%
Mississippi
CG: 0-5%Income: 0-5%
Missouri
CG: 1.5-5.3%Income: 1.5-5.3%
Nebraska
CG: 2.46% - 6.64%Income: 2.46% - 6.64%
Nevada
CG: 0%Income: 0%
New Hampshire
CG: 0%Income: 0%
New Jersey
CG: 1.4% - 10.75%Income: 1.4% - 10.75%
Montana Crypto Tax FAQ
Montana taxes cryptocurrency as property, following federal guidelines. Capital gains and income from crypto are subject to state income tax. Rates are progressive, ranging from 1% to 6.9%.
The state-level capital gains treatment in Montana is currently listed as 1%-6.9%.
- Report all crypto income and gains on Montana state tax return.
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.