Updated March 22, 2026
Capital Gains: 2.22%-4.82%Income Tax: 2.22%-4.82%Tax Summary
West Virginia taxes cryptocurrency as property following federal IRS rules. Capital gains and income from crypto are taxed at state personal income tax rates of 2.22% to 4.82%. WV taxable income starts from federal AGI with limited adjustments.
Quick facts for West Virginia, United States
Capital Gains Tax
2.22%-4.82%Income Tax Rate
2.22%-4.82%Capital Gains Tax
2.22%-4.82%• Crypto capital gains classified as short-term or long-term per federal holding periods.
• Taxed at ordinary WV income rates; no preferential long-term rate.
• No exemptions or thresholds specific to crypto.
• Report dispositions over $600 via federal forms, included in state return.
• Taxed at ordinary WV income rates; no preferential long-term rate.
• No exemptions or thresholds specific to crypto.
• Report dispositions over $600 via federal forms, included in state return.
Income Tax
2.22%-4.82%• Mining income taxed as ordinary income at FMV on mining date.
• Staking rewards taxed as ordinary income at FMV when received.
• Airdrops and forks as income at FMV.
• Follows federal rules; no state deviations.
• Staking rewards taxed as ordinary income at FMV when received.
• Airdrops and forks as income at FMV.
• Follows federal rules; no state deviations.
Reporting Requirements
• File WV Form IT-140 if federal return required or WV tax due.
• Include crypto from federal AGI, Schedule 1, D, 8949.
• Deadline: April 15; extensions available to October 15.
• Include crypto from federal AGI, Schedule 1, D, 8949.
• Deadline: April 15; extensions available to October 15.
Special Notes
• Rates reduced in 2023, 2025; 5% cut approved March 2026 lowers top to 4.58% for TY2026.
• Revenue triggers may lead to further cuts.
• No specific crypto sales/use tax; ATM regs unrelated to individual taxes.
• Revenue triggers may lead to further cuts.
• No specific crypto sales/use tax; ATM regs unrelated to individual taxes.
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%
Virginia
CG: 2%-5.75%Income: 2%-5.75%
Washington
CG: 7%Income: 0%
Wisconsin
CG: 3.50%-7.65% (30% deduction for long-term gains)Income: 3.50%-7.65%
Wyoming
CG: 0%Income: 0%
West Virginia Crypto Tax FAQ
Is cryptocurrency taxed in West Virginia?
West Virginia taxes cryptocurrency as property following federal IRS rules. Capital gains and income from crypto are taxed at state personal income tax rates of 2.22% to 4.82%. WV taxable income starts from federal AGI with limited adjustments.
What is the crypto capital gains tax rate in West Virginia?
The state-level capital gains treatment in West Virginia is currently listed as 2.22%-4.82%.
How do I report crypto taxes in West Virginia?
• File WV Form IT-140 if federal return required or WV tax due.
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.