Updated April 26, 2026
Capital Gains: 2.11% - 4.58% (taxed as ordinary income)Income Tax: 2.11% - 4.58%Tax Summary
West Virginia treats cryptocurrency as property, following IRS guidelines. Capital gains and income from crypto are taxed at personal income tax rates of 2.11% to 4.58%. No specific state exemptions apply.
Quick facts for West Virginia, United States
Capital Gains Tax
2.11% - 4.58% (taxed as ordinary income)Income Tax Rate
2.11% - 4.58%Capital Gains Tax
2.11% - 4.58% (taxed as ordinary income)• Classified as capital gains per federal IRS rules.
• Taxed as ordinary income using WV progressive rates.
• No crypto-specific exemptions or thresholds.
• Included in federal AGI for state taxation.
• Taxed as ordinary income using WV progressive rates.
• No crypto-specific exemptions or thresholds.
• Included in federal AGI for state taxation.
Income Tax
2.11% - 4.58%• Mining income taxed as ordinary income at receipt.
• Staking rewards taxed as ordinary income.
• Follows federal treatment; no state-specific rules.
• Added to federal AGI for WV tax.
• Staking rewards taxed as ordinary income.
• Follows federal treatment; no state-specific rules.
• Added to federal AGI for WV tax.
Reporting Requirements
• Report on WV Form IT-140 personal income tax return.
• Include federal forms like Schedule D and 8949.
• Deadline: April 15; extension to October 15.
• Include federal forms like Schedule D and 8949.
• Deadline: April 15; extension to October 15.
Special Notes
• 2026 tax rates cut 5% across brackets (top rate 4.58%).
• No preferential capital gains rates.
• No unique crypto regulations; conforms to federal.
• Recent laws regulate crypto ATMs, not taxation.
• No preferential capital gains rates.
• No unique crypto regulations; conforms to federal.
• Recent laws regulate crypto ATMs, not taxation.
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%
Washington
CG: 7% on long-term gains exceeding $278,000 (2025 threshold, inflation-adjusted)Income: 0% (no state income tax)
Wisconsin
CG: 3.5%-7.65% (30% subtraction for long-term)Income: 3.5%-7.65%
Wyoming
CG: 0%Income: 0%
West Virginia Crypto Tax FAQ
Is cryptocurrency taxed in West Virginia?
West Virginia treats cryptocurrency as property, following IRS guidelines. Capital gains and income from crypto are taxed at personal income tax rates of 2.11% to 4.58%. No specific state exemptions apply.
What is the crypto capital gains tax rate in West Virginia?
The state-level capital gains treatment in West Virginia is currently listed as 2.11% - 4.58% (taxed as ordinary income).
How do I report crypto taxes in West Virginia?
• Report on WV Form IT-140 personal income tax 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.