Updated April 26, 2026
Capital Gains: 7% on long-term gains exceeding $278,000 (2025 threshold, inflation-adjusted)Income Tax: 0% (no state income tax)Tax Summary
Washington has no personal income tax. Crypto mining and staking rewards face no state tax. A 7% excise tax applies to long-term capital gains over $278,000.
Quick facts for Washington, United States
Capital Gains Tax
7% on long-term gains exceeding $278,000 (2025 threshold, inflation-adjusted)Income Tax Rate
0% (no state income tax)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
7% on long-term gains exceeding $278,000 (2025 threshold, inflation-adjusted)• Crypto is classified as intangible property for capital gains tax.
• Long-term gains (held >1 year) are subject to 7% excise tax if domiciled in WA at sale.
• Applies to gains over standard deduction ($278,000 for 2025 per individual/married couple).
• Exemptions: real estate, retirement accounts, depreciable business assets, timber.
• Deductions: small business sale, charitable donations over threshold.
• Long-term gains (held >1 year) are subject to 7% excise tax if domiciled in WA at sale.
• Applies to gains over standard deduction ($278,000 for 2025 per individual/married couple).
• Exemptions: real estate, retirement accounts, depreciable business assets, timber.
• Deductions: small business sale, charitable donations over threshold.
Income Tax
0% (no state income tax)• No state tax on mining income or staking rewards.
• Treated as ordinary income only for federal taxes.
• No state-specific income tax rules for crypto.
• Treated as ordinary income only for federal taxes.
• No state-specific income tax rules for crypto.
Reporting Requirements
• File Capital Gains Excise Tax return only if tax owed (gains > threshold).
• Submit copy of federal tax return and documentation.
• Electronic filing via My DOR; due April 15 (2025 extended to May 1, 2026).
• Extension available if federal extended, but payment due timely.
• Submit copy of federal tax return and documentation.
• Electronic filing via My DOR; due April 15 (2025 extended to May 1, 2026).
• Extension available if federal extended, but payment due timely.
Special Notes
• Tax is excise tax on long-term gains only; short-term gains untaxed at state level.
• Threshold adjusted annually for inflation.
• Credits available for taxes paid to other states or B&O tax (from 2025).
• Crypto sales qualify if meeting long-term and domicile rules.
• Threshold adjusted annually for inflation.
• Credits available for taxes paid to other states or B&O tax (from 2025).
• Crypto sales qualify if meeting long-term and domicile rules.
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%
Virginia
CG: 2-5.75%Income: 2-5.75%
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%
Washington Crypto Tax FAQ
Is cryptocurrency taxed in Washington?
Washington has no personal income tax. Crypto mining and staking rewards face no state tax. A 7% excise tax applies to long-term capital gains over $278,000.
What is the crypto capital gains tax rate in Washington?
The state-level capital gains treatment in Washington is currently listed as 7% on long-term gains exceeding $278,000 (2025 threshold, inflation-adjusted).
How do I report crypto taxes in Washington?
• File Capital Gains Excise Tax return only if tax owed (gains > threshold).
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.