Updated October 23, 2025
Capital Gains: 1.4% - 10.75%Income Tax: 1.4% - 10.75%Quick Facts: New Jersey, United States Crypto Taxes
Capital Gains Tax
1.4% - 10.75%Income Tax Rate
1.4% - 10.75%Tax Summary
New Jersey taxes cryptocurrency similarly to federal rules, treating crypto as property. Capital gains and income from crypto are subject to state income tax. Residents must report crypto activities on state returns if they file federally.
Capital Gains Tax
1.4% - 10.75%• Crypto capital gains are classified as ordinary income in New Jersey.
• State taxes capital gains at progressive income tax rates, no separate long-term rate.
• No exemptions or thresholds specific to crypto; general income exemptions apply.
• Gains calculated as federal (sale price minus cost basis), then taxed at state rate.
• State taxes capital gains at progressive income tax rates, no separate long-term rate.
• No exemptions or thresholds specific to crypto; general income exemptions apply.
• Gains calculated as federal (sale price minus cost basis), then taxed at state rate.
Income Tax
1.4% - 10.75%• Mining income is taxed as ordinary income in New Jersey, reported when received.
• Staking rewards are taxed as ordinary income upon receipt, per federal guidance.
• State follows federal treatment of crypto income as miscellaneous or business income.
• Deductible expenses like equipment or electricity reduce taxable income.
• Staking rewards are taxed as ordinary income upon receipt, per federal guidance.
• State follows federal treatment of crypto income as miscellaneous or business income.
• Deductible expenses like equipment or electricity reduce taxable income.
Reporting Requirements
• Report all crypto income, gains, and losses on New Jersey state tax return.
• Use Form NJ-1040; attach federal Schedule D or 8949 if applicable.
• Filing deadline is April 15, or October 15 with extension.
• Use Form NJ-1040; attach federal Schedule D or 8949 if applicable.
• Filing deadline is April 15, or October 15 with extension.
Special Notes
• New Jersey has no specific crypto tax laws; aligns with IRS rules.
• High-income earners face top rate of 10.75% on crypto profits.
• Recent federal changes, like infrastructure bill reporting, may impact state filings.
• Consult a tax professional for complex transactions like DeFi or NFTs.
• High-income earners face top rate of 10.75% on crypto profits.
• Recent federal changes, like infrastructure bill reporting, may impact state filings.
• Consult a tax professional for complex transactions like DeFi or NFTs.
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%
Montana
CG: 1%-6.9%Income: 1%-6.9%
Nebraska
CG: 2.46% - 6.64%Income: 2.46% - 6.64%
Nevada
CG: 0%Income: 0%
New Hampshire
CG: 0%Income: 0%
New Jersey Crypto Tax FAQ
New Jersey taxes cryptocurrency similarly to federal rules, treating crypto as property. Capital gains and income from crypto are subject to state income tax. Residents must report crypto activities on state returns if they file federally.
The state-level capital gains treatment in New Jersey is currently listed as 1.4% - 10.75%.
• Report all crypto income, gains, and losses on New Jersey 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.