Updated March 29, 2026
Capital Gains: 4.25% (TY 2025); 3.99% (TY 2026)Income Tax: 4.25% (TY 2025); 3.99% (TY 2026)Tax Summary
North Carolina follows federal treatment of cryptocurrency as property. Capital gains from crypto sales are taxed at the flat state income tax rate. Ordinary income from mining or staking is also taxed at the same rate. No crypto-specific state laws exist.
Quick facts for North Carolina, United States
Capital Gains Tax
4.25% (TY 2025); 3.99% (TY 2026)Income Tax Rate
4.25% (TY 2025); 3.99% (TY 2026)Capital Gains Tax
4.25% (TY 2025); 3.99% (TY 2026)• Crypto capital gains follow federal classification: short-term (ordinary) or long-term.
• North Carolina taxes all capital gains as ordinary income at the flat rate; no preferential long-term rate.
• No state-specific exemptions or thresholds for crypto gains.
• Gains flow from federal AGI to NC return.
• North Carolina taxes all capital gains as ordinary income at the flat rate; no preferential long-term rate.
• No state-specific exemptions or thresholds for crypto gains.
• Gains flow from federal AGI to NC return.
Income Tax
4.25% (TY 2025); 3.99% (TY 2026)• Mining income taxed as ordinary income at fair market value (FMV) when mined.
• Staking rewards taxed as ordinary income at FMV when received.
• Follows federal IRS rules; no state deviations.
• Included in federal AGI for NC taxation.
• Staking rewards taxed as ordinary income at FMV when received.
• Follows federal IRS rules; no state deviations.
• Included in federal AGI for NC taxation.
Reporting Requirements
• Report all crypto transactions on federal forms (e.g., Schedule 1, D); NC starts from federal AGI.
• File NC Form D-400 if NC gross income exceeds $0 (residents) or filing thresholds.
• Key deadline: April 15; automatic 6-month extension if federal extended, but pay by April 15.
• No crypto-specific NC forms.
• File NC Form D-400 if NC gross income exceeds $0 (residents) or filing thresholds.
• Key deadline: April 15; automatic 6-month extension if federal extended, but pay by April 15.
• No crypto-specific NC forms.
Special Notes
• Flat income tax rate scheduled to decrease annually.
• No official NCDOR guidance on crypto; conforms to federal.
• Proposed HB 920 (Digital Asset Freedom Act) not enacted as of 2026.
• No official NCDOR guidance on crypto; conforms to federal.
• Proposed HB 920 (Digital Asset Freedom Act) not enacted as of 2026.
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% - 3.9%Income: 0% - 3.9%
California
CG: 1%-13.3% (ordinary income rates)Income: 1%-13.3% (ordinary income rates)
Colorado
CG: 4.4%Income: 4.4%
Connecticut
CG: 2%-6.99% (taxed as ordinary income)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% (taxed as ordinary income)Income: 5.19% (flat rate)
Hawaii
CG: 7.25% (elective on net capital gains); short-term: 1.4%-11%Income: 1.4%-11%
Idaho
CG: 0% up to $4,811 (single) / $9,622 (married); 5.3% thereafterIncome: 0% up to $4,811 (single) / $9,622 (married); 5.3% thereafter
Illinois
CG: 4.95%Income: 4.95%
Indiana
CG: 2.95% state + 0.5%-3% county (varies by location)<argumentIncome: 2.95% state + 0.5%-3% county (varies by location)<argument
Iowa
CG: 3.8% (flat rate, taxed as ordinary income)Income: 3.8% (flat rate)
Kansas
CG: 5.2% - 5.58%Income: 5.2% - 5.58%
Kentucky
CG: 3.5% (flat rate)Income: 3.5% (flat rate)
Louisiana
CG: 3%Income: 3%
Maine
CG: 5.8%-7.15%Income: 5.8%-7.15%
Maryland
CG: 2%-6.5% state + 2.25%-3.3% local + 2% surtax on net gains (FAGI > $350k)<grok:render type="render_inlIncome: 2%-6.5% state + 2.25%-3.3% local
Massachusetts
CG: 5% (long-term), 8.5% (short-term)Income: 5% flat + 4% surtax over $1,083,150
Michigan
CG: 4.25%Income: 4.25%
Minnesota
CG: 5.35%-9.85%; +1% on net investment income over $1MIncome: 5.35%-9.85%
Mississippi
CG: 4.4%Income: 4.4%
Missouri
CG: 0%Income: 0-4.7%
Montana
CG: Short-term: 4.7%-5.65%; Long-term: 3%-4.1%Income: 4.7%-5.65%
Nebraska
CG: 2.46%-5.20% (tax year 2025); top rate 4.55% (2026)Income: 2.46%-5.20% (tax year 2025); top rate 4.55% (2026)
Nevada
CG: 0%Income: 0%
New Hampshire
CG: 0%Income: 0%
New Jersey
CG: 1.4%-10.75% (taxed as ordinary income)Income: 1.4%-10.75%
New Mexico
CG: 1.5% - 5.9% (with deduction)Income: 1.5% - 5.9%
New York
CG: 4%-10.9% (state ordinary income rates); +3.078%-3.876% NYCIncome: 4%-10.9% (state ordinary income rates); +3.078%-3.876% NYC
North Dakota
CG: Short-term: 1.95%-2.5%; Long-term: effective 1.17%-1.5% (after 40% exclusion)Income: 1.95%-2.5%
Ohio
CG: 0%-3.125%Income: 0%-3.125%
Oklahoma
CG: 0.25% - 4.5%Income: 0.25% - 4.5%
Oregon
CG: 4.75%-9.9% (taxed as ordinary income)Income: 4.75%-9.9%
Pennsylvania
CG: 3.07%Income: 3.07%
Rhode Island
CG: 3.75%-5.99%Income: 3.75%-5.99%
South Carolina
CG: 0%-6% (44% deduction on net LTCG)Income: 0%-6%
South Dakota
CG: 0%Income: 0%
Tennessee
CG: 0%Income: 0%
Texas
CG: 0%Income: 0%
Utah
CG: 4.5% (flat, as ordinary income)Income: 4.5% (flat rate)
Vermont
CG: 3.35%-8.75% (taxed as ordinary income)Income: 3.35%-8.75%
Virginia
CG: 2%-5.75%Income: 2%-5.75%
Washington
CG: 7%Income: 0%
West Virginia
CG: 2.22%-4.82%Income: 2.22%-4.82%
Wisconsin
CG: 3.50%-7.65% (30% deduction for long-term gains)Income: 3.50%-7.65%
Wyoming
CG: 0%Income: 0%
North Carolina Crypto Tax FAQ
Is cryptocurrency taxed in North Carolina?
North Carolina follows federal treatment of cryptocurrency as property. Capital gains from crypto sales are taxed at the flat state income tax rate. Ordinary income from mining or staking is also taxed at the same rate. No crypto-specific state laws exist.
What is the crypto capital gains tax rate in North Carolina?
The state-level capital gains treatment in North Carolina is currently listed as 4.25% (TY 2025); 3.99% (TY 2026).
How do I report crypto taxes in North Carolina?
• Report all crypto transactions on federal forms (e.g., Schedule 1, D); NC starts 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.