Updated May 10, 2026
Capital Gains: 2.75% (flat on income > $26,050)Income Tax: 2.75% (flat on income > $26,050)Tax Summary
Ohio treats cryptocurrency as property per federal IRS rules. Gains and income from crypto are included in Ohio taxable income. State income tax applies at a flat 2.75% rate on income over $26,050.
Quick facts for Ohio, United States
Capital Gains Tax
2.75% (flat on income > $26,050)Income Tax Rate
2.75% (flat on income > $26,050)Capital Gains Tax
2.75% (flat on income > $26,050)• Crypto capital gains classified as short-term (ordinary income) or long-term per federal rules, but taxed as ordinary income by Ohio.
• No state-specific capital gains tax; included in state income tax base.
• No crypto-specific exemptions or thresholds beyond standard income tax deductions.
• Gains flow through federal AGI to Ohio IT 1040.
• No state-specific capital gains tax; included in state income tax base.
• No crypto-specific exemptions or thresholds beyond standard income tax deductions.
• Gains flow through federal AGI to Ohio IT 1040.
Income Tax
2.75% (flat on income > $26,050)• Mining income taxed as ordinary income at fair market value upon receipt.
• Staking rewards taxed as ordinary income upon receipt.
• Follows federal classification for crypto income.
• Included in federal AGI for state taxation.
• Staking rewards taxed as ordinary income upon receipt.
• Follows federal classification for crypto income.
• Included in federal AGI for state taxation.
Reporting Requirements
• Report all crypto gains and income on federal returns (e.g., Form 8949, Schedule D, Schedule 1).
• Ohio uses federal AGI; file state IT 1040 or IT 1040EZ.
• Deadline: April 15 (or next business day); extensions available.
• Ohio uses federal AGI; file state IT 1040 or IT 1040EZ.
• Deadline: April 15 (or next business day); extensions available.
Special Notes
• Ohio shifted to flat 2.75% income tax rate effective 2026 for most taxpayers.
• No specific crypto guidance from Ohio Dept. of Taxation; follows federal.
• HB 116 (pending) proposes exempting crypto payments under $200 from capital gains tax.
• Local city income taxes may apply in some Ohio municipalities.
• No specific crypto guidance from Ohio Dept. of Taxation; follows federal.
• HB 116 (pending) proposes exempting crypto payments under $200 from capital gains tax.
• Local city income taxes may apply in some Ohio municipalities.
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 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%
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%
Ohio Crypto Tax FAQ
Is cryptocurrency taxed in Ohio?
Ohio treats cryptocurrency as property per federal IRS rules. Gains and income from crypto are included in Ohio taxable income. State income tax applies at a flat 2.75% rate on income over $26,050.
What is the crypto capital gains tax rate in Ohio?
The state-level capital gains treatment in Ohio is currently listed as 2.75% (flat on income > $26,050).
How do I report crypto taxes in Ohio?
• Report all crypto gains and income on federal returns (e.g., Form 8949, Schedule D, Schedule 1).
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.