Updated April 26, 2026
Capital Gains: 4.5%Income Tax: 4.5%Tax Summary
Utah taxes cryptocurrency as property, following federal rules. Capital gains and income from crypto are subject to a flat 4.5% state income tax rate. No special exemptions or preferential long-term rates apply.
Quick facts for Utah, United States
Capital Gains Tax
4.5%Income Tax Rate
4.5%Estimate your crypto taxes in United States
Use our free calculator to model trading gains, staking income, mining income, and other crypto income using the headline rates from the matching country guide.
Educational only. If the guide has a tax-rate range, the calculator will show a low/high estimate.
Open calculatorCapital Gains Tax
4.5%• Crypto capital gains classified as property per federal rules.
• Taxed as ordinary income at flat 4.5% state rate; no LTCG preference.
• No Utah-specific exemptions or thresholds for gains.
• Report via federal Schedule D, included in Utah taxable income.
• Taxed as ordinary income at flat 4.5% state rate; no LTCG preference.
• No Utah-specific exemptions or thresholds for gains.
• Report via federal Schedule D, included in Utah taxable income.
Income Tax
4.5%• Mining income taxed as ordinary income at FMV when received.
• Staking rewards taxed as ordinary income at FMV upon receipt.
• Follows federal treatment; no state-specific rules.
• Self-employment tax may apply federally if business.
• Staking rewards taxed as ordinary income at FMV upon receipt.
• Follows federal treatment; no state-specific rules.
• Self-employment tax may apply federally if business.
Reporting Requirements
• Report crypto transactions on federal forms (e.g., Form 8949, Schedule D, Schedule 1); flows to Utah TC-40.
• File Utah TC-40 if Utah taxable income requires or claiming refund.
• Deadline: April 15 (or extension to Oct 15).
• No crypto-specific state forms.
• File Utah TC-40 if Utah taxable income requires or claiming refund.
• Deadline: April 15 (or extension to Oct 15).
• No crypto-specific state forms.
Special Notes
• Utah accepts cryptocurrency payments for taxes via PayPal.
• Flat rate reduced to 4.5% for tax year 2025 from 4.55%.
• Utah starts from federal taxable income with limited adjustments; crypto follows federal.
• Flat rate reduced to 4.5% for tax year 2025 from 4.55%.
• Utah starts from federal taxable income with limited adjustments; crypto follows federal.
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)
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%
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%
Utah Crypto Tax FAQ
Is cryptocurrency taxed in Utah?
Utah taxes cryptocurrency as property, following federal rules. Capital gains and income from crypto are subject to a flat 4.5% state income tax rate. No special exemptions or preferential long-term rates apply.
What is the crypto capital gains tax rate in Utah?
The state-level capital gains treatment in Utah is currently listed as 4.5%.
How do I report crypto taxes in Utah?
• Report crypto transactions on federal forms (e.g., Form 8949, Schedule D, Schedule 1); flows to Utah TC-40.
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.