Updated March 29, 2026
Capital Gains: 3.75%-5.99%Income Tax: 3.75%-5.99%Tax Summary
Rhode Island treats cryptocurrency as property following federal IRS rules. Capital gains and income from crypto are taxed as ordinary income at progressive state rates of 3.75% to 5.99%. No specific state exemptions apply to crypto transactions.
Quick facts for Rhode Island, United States
Capital Gains Tax
3.75%-5.99%Income Tax Rate
3.75%-5.99%Capital Gains Tax
3.75%-5.99%• Crypto capital gains classified as short-term or long-term per IRS rules.
• Taxed as ordinary income at RI rates: 3.75% ($0-$82,050), 4.75% ($82,051-$186,450), 5.99% (over $186,450).
• Uniform brackets apply to all filing statuses.
• No RI-specific exemptions or thresholds for crypto; follows federal basis and holding periods.
• Taxed as ordinary income at RI rates: 3.75% ($0-$82,050), 4.75% ($82,051-$186,450), 5.99% (over $186,450).
• Uniform brackets apply to all filing statuses.
• No RI-specific exemptions or thresholds for crypto; follows federal basis and holding periods.
Income Tax
3.75%-5.99%• Mining income taxed as ordinary income at fair market value on receipt date.
• Staking rewards taxed as ordinary income at FMV when received or accessible.
• Same progressive rates as capital gains apply.
• No state-specific rules; conforms to federal treatment.
• Staking rewards taxed as ordinary income at FMV when received or accessible.
• Same progressive rates as capital gains apply.
• No state-specific rules; conforms to federal treatment.
Reporting Requirements
• Report all crypto gains, losses, and income on Form RI-1040.
• Federal AGI including crypto flows to state return; attach federal schedules if required.
• Annual filing deadline: April 15; six-month extensions available.
• Estimated payments required if RI tax liability >= $400.
• Federal AGI including crypto flows to state return; attach federal schedules if required.
• Annual filing deadline: April 15; six-month extensions available.
• Estimated payments required if RI tax liability >= $400.
Special Notes
• RI personal income tax closely conforms to federal IRC §1001-1031 for crypto.
• Proposed Senate Bill S2021 (2026) seeks exemption for small Bitcoin sales (<= $5,000/month or $20,000/year); introduced Jan 2026, pending as of March 2026.
• Net capital losses offset gains; excess deductible up to $3,000 federally, flows through.
• Proposed Senate Bill S2021 (2026) seeks exemption for small Bitcoin sales (<= $5,000/month or $20,000/year); introduced Jan 2026, pending as of March 2026.
• Net capital losses offset gains; excess deductible up to $3,000 federally, flows through.
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 Carolina
CG: 4.25% (TY 2025); 3.99% (TY 2026)Income: 4.25% (TY 2025); 3.99% (TY 2026)
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%
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%
Rhode Island Crypto Tax FAQ
Is cryptocurrency taxed in Rhode Island?
Rhode Island treats cryptocurrency as property following federal IRS rules. Capital gains and income from crypto are taxed as ordinary income at progressive state rates of 3.75% to 5.99%. No specific state exemptions apply to crypto transactions.
What is the crypto capital gains tax rate in Rhode Island?
The state-level capital gains treatment in Rhode Island is currently listed as 3.75%-5.99%.
How do I report crypto taxes in Rhode Island?
• Report all crypto gains, losses, and income on Form RI-1040.
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.