Updated May 10, 2026
Capital Gains: 1.4%-10.75% (as ordinary income)Income Tax: 1.4%-10.75%Tax Summary
New Jersey treats cryptocurrency as property, aligning with federal IRS rules. Capital gains and crypto income are taxed as ordinary income at state rates from 1.4% to 10.75%. No special crypto exemptions apply.
Quick facts for New Jersey, United States
Capital Gains Tax
1.4%-10.75% (as ordinary income)Income Tax Rate
1.4%-10.75%Capital Gains Tax
1.4%-10.75% (as ordinary income)• Crypto capital gains classified as ordinary income.
• No long-term/short-term distinction; all at income tax rates.
• No state-specific exemptions or thresholds.
• Residents taxed on worldwide gains.
• No long-term/short-term distinction; all at income tax rates.
• No state-specific exemptions or thresholds.
• Residents taxed on worldwide gains.
Income Tax
1.4%-10.75%• Mining income taxed as ordinary income when received.
• Staking rewards taxed as ordinary income upon receipt.
• Follows federal income classification rules.
• No unique state income tax rules for crypto.
• Staking rewards taxed as ordinary income upon receipt.
• Follows federal income classification rules.
• No unique state income tax rules for crypto.
Reporting Requirements
• Report via NJ-1040, starting from federal AGI.
• Include crypto gains/losses from federal Schedule D.
• File by April 15 annually; extensions to October 15.
• No crypto-specific NJ forms required.
• Include crypto gains/losses from federal Schedule D.
• File by April 15 annually; extensions to October 15.
• No crypto-specific NJ forms required.
Special Notes
• Top rate 10.75% for high earners over $1M.
• No capital gains preference unlike federal.
• No recent 2026 changes to crypto taxation.
• Property tax high; consider residency impacts.
• No capital gains preference unlike federal.
• No recent 2026 changes to crypto taxation.
• Property tax high; consider residency impacts.
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%
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 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%
New Jersey Crypto Tax FAQ
Is cryptocurrency taxed in New Jersey?
New Jersey treats cryptocurrency as property, aligning with federal IRS rules. Capital gains and crypto income are taxed as ordinary income at state rates from 1.4% to 10.75%. No special crypto exemptions apply.
What is the crypto capital gains tax rate in New Jersey?
The state-level capital gains treatment in New Jersey is currently listed as 1.4%-10.75% (as ordinary income).
How do I report crypto taxes in New Jersey?
• Report via NJ-1040, starting from federal 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.