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Crypto & tax · MN

Minnesota Crypto Tax Calculator

Estimate your 2026 federal and Minnesota 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
$2,608
short-term gains$3,000
long-term gains$8,000
short-term tax$660
long-term tax$1,200
MN state tax$748
total gains
$11,000
estimated tax
$2,608
effective rate
23.7%

A $10,000 crypto gain realized in Minnesota attracts about $680 in Minnesota tax — a marginal rate of 6.80% — for someone otherwise earning the state median of $92,350. Federal capital-gains tax applies on top.

Minnesota 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 Minnesota rules and 2026 federal rules, single filer. Holding period decides the federal rate.

Crypto capital-gains tax in Minnesota

Minnesota has four inflation-indexed brackets from 5.35% to a 9.85% top rate (starting at $203,151 single / $337,931 joint for 2026), with a standard deduction of $15,300 / $30,600 that phases down at high incomes. The rates themselves have not moved; the thresholds and deduction shift every year with the Chained CPI, so nothing here carries forward from 2025.

Capital gains and crypto are taxed as ordinary income in Minnesota, and the state adds a 1% surtax on net investment income over $1 million that this estimate does not include.

Common questions

How are crypto gains taxed in Minnesota?
As ordinary income: this estimate stacks the gain on your other income and runs it through the same schedule as wages — 5.35% to 9.85%. Any Minnesota exclusion or cap on long-term gains is not applied here.
How much Minnesota tax would a $10,000 crypto gain cost?
About $680 of Minnesota tax, on top of federal capital-gains tax. That is the gain stacked on Minnesota's $92,350 median household income (2024), where it lands in the 6.8% band.
What Minnesota rate applies to my gain?
Whichever band the gain lands in once it is added to your other income — Minnesota's 2026 schedule runs 5.35% to 9.85%, with the top rate starting at $203,150 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 Minnesota's 2026 state treatment of capital gains. Estimates only — not tax advice.

Minnesota DOR — Income tax brackets, standard deduction and dependent exemption amounts for tax year 2026 (Dec 16, 2025) →Tax Foundation: 2026 state individual income tax rates and brackets →

More on Minnesota tax

Everyday moneyWhat lands in a Minnesota paycheckThe same salary split across real pay periods, after federal tax, FICA and Minnesota withholding.Everyday moneyMinnesota tax brackets and what you oweThe full Minnesota 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 Minnesota state treatment is simplified here — verify with the state Department of Revenue and a tax professional. Minnesota's four-rate 5.35%–9.85% schedule is applied with the $15,300 standard deduction for a single filer — not itemized deductions or any Minnesota tax credit. It also excludes any local, county, or school-district tax your municipality may add.