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Crypto & tax · MD

Maryland Crypto Tax Calculator

Estimate your 2026 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
$
$
$
$
$
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%

A $10,000 crypto gain realized in Maryland attracts about $500 in Maryland tax — a marginal rate of 5.00% — for someone otherwise earning the state median of $109,700. Federal capital-gains tax applies on top.

Maryland taxes capital gains as ordinary income, so the gain stacks on your other income and is taxed at the rate that band falls in. Figures use 2026 Maryland rules and 2026 federal rules, single filer. Holding period decides the federal rate.

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. Maryland counties add local income taxes of roughly 2.25% to 3.3% that are not included here, so real withholding on a paycheck is higher than this estimate.

Capital gains and crypto are taxed as ordinary income in Maryland, and the 2025 budget added a 2% surcharge on capital gains for taxpayers with federal AGI over $350,000, which this estimate does not include.

Common questions

How are crypto gains taxed in Maryland?
As ordinary income: this estimate stacks the gain on your other income and runs it through the same schedule as wages — 2% to 6.5%. Any Maryland exclusion or cap on long-term gains is not applied here.
How much Maryland tax would a $10,000 crypto gain cost?
About $500 of Maryland tax, on top of federal capital-gains tax. That is the gain stacked on Maryland's $109,700 median household income (2024), where it lands in the 5% band.
What Maryland rate applies to my gain?
Whichever band the gain lands in once it is added to your other income — Maryland's 2026 schedule runs 2% to 6.5%, with the top rate starting at $1,000,000 of taxable income. A large sale can therefore push part of the gain into a higher band than your wages sit in.

How we calculate this

Federal lot-matching per our crypto-tax methodology, plus Maryland's 2026 state treatment of capital gains. Estimates only — not tax advice.

Comptroller of Maryland — 2026 Payment Voucher Worksheet (PVW), 2026 tax rate schedules and standard deduction →Tax Foundation: 2026 state individual income tax rates and brackets (updated Feb 11, 2026) →

More on Maryland tax

Everyday moneyWhat lands in a Maryland paycheckThe same salary split across real pay periods, after federal tax, FICA and Maryland withholding.Everyday moneyMaryland tax brackets and what you oweThe full Maryland schedule — every bracket, the top rate and the deductions applied before them.
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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. This estimate does not model the county income tax every Maryland county charges on top of the state rate (roughly 2.25%–3.2%). Maryland's ten-rate 2%–6.5% schedule is applied with the $3,350 standard deduction and $3,200 personal exemption for a single filer — not itemized deductions, exemption phase-outs, or any Maryland tax credit.