Updated April 26, 2026
Capital Gains: 3.75%-5.99%Income Tax: 3.75%-5.99%Tax Summary
Rhode Island treats cryptocurrency as property, following federal IRS guidelines. Capital gains and crypto income are taxed as ordinary income at state rates of 3.75% to 5.99%. No specific crypto exemptions exist currently.
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 per IRS: short-term as ordinary, long-term preferential federally.
• Rhode Island taxes all capital gains as ordinary income, no separate LTCG rate.
• No state-specific exemptions or thresholds for crypto gains.
• Report on federal Schedule D; state uses federal AGI.
• Rhode Island taxes all capital gains as ordinary income, no separate LTCG rate.
• No state-specific exemptions or thresholds for crypto gains.
• Report on federal Schedule D; state uses federal AGI.
Income Tax
3.75%-5.99%• Mining income taxed as ordinary income at fair market value upon receipt.
• Staking rewards taxed as ordinary income when credited.
• Follows federal rules; no state deviations.
• Taxed at personal income tax rates.
• Staking rewards taxed as ordinary income when credited.
• Follows federal rules; no state deviations.
• Taxed at personal income tax rates.
Reporting Requirements
• Report all crypto transactions on federal returns (1099s, Schedule 1/D/8949).
• File RI-1040 using federal AGI; include RI Schedule SJ for adjustments.
• No crypto-specific state forms.
• Deadline: April 15 (or extensions).
• File RI-1040 using federal AGI; include RI Schedule SJ for adjustments.
• No crypto-specific state forms.
• Deadline: April 15 (or extensions).
Special Notes
• Proposed Senate Bill S2021 (Jan 2026) exempts Bitcoin sales/exchanges up to $5,000/month ($20,000/year) from state tax; pending as of April 2026.
• State conforms closely to federal tax treatment.
• Rates and brackets adjusted annually for inflation.
• State conforms closely to federal tax treatment.
• Rates and brackets adjusted annually for inflation.
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%
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)
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%
Rhode Island Crypto Tax FAQ
Is cryptocurrency taxed in Rhode Island?
Rhode Island treats cryptocurrency as property, following federal IRS guidelines. Capital gains and crypto income are taxed as ordinary income at state rates of 3.75% to 5.99%. No specific crypto exemptions exist currently.
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 transactions on federal returns (1099s, Schedule 1/D/8949).
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.