Updated March 29, 2026
Capital Gains: 2%-5.75%Income Tax: 2%-5.75%Tax Summary
Virginia treats cryptocurrency as property, following federal guidelines. Capital gains and income from crypto are taxed as ordinary income. State tax rates range from 2% to 5.75%.
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 ordinary income in Virginia.
• No preferential rates for long-term holdings; taxed at ordinary income rates.
• Follows federal cost basis and holding period rules.
• No Virginia-specific exemptions or thresholds for crypto gains.
• No preferential rates for long-term holdings; taxed at ordinary income rates.
• Follows federal cost basis and holding period rules.
• No Virginia-specific exemptions or thresholds for crypto gains.
Income Tax
2%-5.75%• Mining income taxed as ordinary income at fair market value when mined.
• Staking rewards taxed as ordinary income upon receipt.
• Airdrops and hard forks taxed as ordinary income.
• State follows federal classification for crypto income.
• Staking rewards taxed as ordinary income upon receipt.
• Airdrops and hard forks taxed as ordinary income.
• State follows federal classification for crypto income.
Reporting Requirements
• Include crypto gains and income in federal AGI, which flows to Virginia return.
• Residents file Form 760; nonresidents Form 763.
• Filing deadline April 15; extension to October 15 with Form 760IP.
• Residents file Form 760; nonresidents Form 763.
• Filing deadline April 15; extension to October 15 with Form 760IP.
Special Notes
• No state sales tax on crypto-to-crypto or fiat-to-crypto trades.
• 2026 laws regulate crypto kiosks/ATMs but not taxation.
• Virginia conforms to IRC Section 1031 but not for crypto like-kind exchanges.
• Track transactions meticulously; consider tax software.
• 2026 laws regulate crypto kiosks/ATMs but not taxation.
• Virginia conforms to IRC Section 1031 but not for crypto like-kind exchanges.
• Track transactions meticulously; consider tax software.
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%
Rhode Island
CG: 3.75%-5.99%Income: 3.75%-5.99%
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%
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%
Virginia Crypto Tax FAQ
Is cryptocurrency taxed in Virginia?
Virginia treats cryptocurrency as property, following federal guidelines. Capital gains and income from crypto are taxed as ordinary income. State tax rates range from 2% to 5.75%.
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?
• Include crypto gains and income in federal AGI, which flows to Virginia return.
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.