Updated April 26, 2026
Capital Gains: 2-5.75%Income Tax: 2-5.75%Tax Summary
Virginia treats cryptocurrency as property per federal IRS rules. Capital gains and crypto income are taxed as ordinary income at state rates of 2-5.75%. No specific state-level crypto taxes or exemptions apply.
Quick facts for Virginia, United States
Capital Gains Tax
2-5.75%Income Tax Rate
2-5.75%Capital Gains Tax
2-5.75%• Crypto capital gains classified as short-term (<1 year, ordinary) or long-term (>1 year) per federal rules.
• Taxed at Virginia ordinary income tax rates (2% on $0-$3k, 3% $3k-$5k, 5% $5k-$17k, 5.75% over $17k).
• No preferential long-term rates or crypto-specific exemptions/thresholds.
• Gains included in federal AGI; report via federal Form 8949/Schedule D.
• Taxed at Virginia ordinary income tax rates (2% on $0-$3k, 3% $3k-$5k, 5% $5k-$17k, 5.75% over $17k).
• No preferential long-term rates or crypto-specific exemptions/thresholds.
• Gains included in federal AGI; report via federal Form 8949/Schedule D.
Income Tax
2-5.75%• Mining income taxed as ordinary income at fair market value (FMV) on receipt date.
• Staking rewards taxed as ordinary income at FMV when received or accessible.
• Taxed at same state income rates as other income (2-5.75%).
• Airdrops/hard forks taxed as income if control obtained.
• Staking rewards taxed as ordinary income at FMV when received or accessible.
• Taxed at same state income rates as other income (2-5.75%).
• Airdrops/hard forks taxed as income if control obtained.
Reporting Requirements
• Report all crypto transactions on federal returns (Form 8949, Schedule D for gains, Schedule 1 for income).
• Virginia Form 760 (residents) or 763 (part-year/nonresidents) based on federal AGI.
• No separate state crypto forms; include in adjusted gross income.
• Deadline: April 15 (extendable to October 15 with federal extension).
• Virginia Form 760 (residents) or 763 (part-year/nonresidents) based on federal AGI.
• No separate state crypto forms; include in adjusted gross income.
• Deadline: April 15 (extendable to October 15 with federal extension).
Special Notes
• Virginia fully conforms to federal virtual currency guidance (Notice 2014-21).
• No state capital gains exclusions or deductions specific to crypto.
• Unclaimed crypto property law effective July 1, 2026: held in-kind by state (not tax-related).
• High-income tax bracket proposals (e.g., 10% over $1M) not enacted as of 2026.
• No state capital gains exclusions or deductions specific to crypto.
• Unclaimed crypto property law effective July 1, 2026: held in-kind by state (not tax-related).
• High-income tax bracket proposals (e.g., 10% over $1M) 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: 0-3.7% (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%
Utah
CG: 4.5%Income: 4.5%
Vermont
CG: 3.35%-8.75%Income: 3.35%-8.75%
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%
Virginia Crypto Tax FAQ
Is cryptocurrency taxed in Virginia?
Virginia treats cryptocurrency as property per federal IRS rules. Capital gains and crypto income are taxed as ordinary income at state rates of 2-5.75%. No specific state-level crypto taxes or exemptions apply.
What is the crypto capital gains tax rate in Virginia?
The state-level capital gains treatment in Virginia is currently listed as 2-5.75%.
How do I report crypto taxes in Virginia?
• Report all crypto transactions on federal returns (Form 8949, Schedule D for gains, Schedule 1 for income).
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.