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Crypto & tax · MD

Maryland Crypto Tax Calculator

Estimate your 2025 federal and Maryland state tax on crypto capital gains, with FIFO, LIFO, or HIFO cost basis.

Cost-basis method — changes which lots are sold
Transactions4
$
$
$
$
Filing status
Other taxable income Excluding crypto
$
Estimated tax owedFIFO
$2,383
short-term gains$3,000
long-term gains$8,000
short-term tax$660
long-term tax$1,200
MD state tax$523
total gains
$11,000
estimated tax
$2,383
effective rate
21.7%

Crypto capital-gains tax in Maryland

Maryland's 2025 budget act added two new top brackets for tax year 2025 — 6.25% above $500,000 and 6.5% above $1 million (single) — and raised the standard deduction to $3,350 / $6,700. It also imposed a 2% surcharge on capital gains for taxpayers with federal AGI over $350,000, which this estimate does not include. Maryland counties add local income taxes of roughly 2.25% to 3.3% that are also not included here.

Common questions

How is crypto taxed in Maryland?
At the federal level, crypto is property and gains are taxed as short- or long-term capital gains. At the state level, Maryland taxes crypto capital gains as ordinary income — the same rate as your wages, with no long-term discount.
Does Maryland have a lower rate for long-term crypto gains?
No — unlike the federal system, Maryland does not give long-term gains a preferential state rate; they're taxed the same as short-term gains.

How we calculate this

Federal lot-matching per our crypto-tax methodology, plus 2025 Maryland state treatment of capital gains. Estimates only — not tax advice.

Tax Foundation: 2025 state income tax rates →Comptroller of Maryland →
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Estimates for general informational purposes only; not tax advice. Crypto tax rules are complex and Maryland state treatment is simplified here — verify with the state Department of Revenue and a tax professional.