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Crypto & tax · MS

Mississippi Crypto Tax Calculator

Estimate your 2025 federal and Mississippi 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
$2,344
short-term gains$3,000
long-term gains$8,000
short-term tax$660
long-term tax$1,200
MS state tax$484
total gains
$11,000
estimated tax
$2,344
effective rate
21.3%

Crypto capital-gains tax in Mississippi

For 2025, Mississippi exempts the first $10,000 of taxable income and taxes the rest at a flat 4.4%, down from 4.7% in 2024. The Build Up Mississippi Act (signed March 2025) continues the phase-down — 4.0% in 2026, then annual cuts toward 3.0% by 2030, with a legislated path toward eliminating the income tax entirely.

Common questions

How is crypto taxed in Mississippi?
At the federal level, crypto is property and gains are taxed as short- or long-term capital gains. At the state level, Mississippi taxes crypto capital gains as ordinary income — the same rate as your wages, with no long-term discount.
Does Mississippi have a lower rate for long-term crypto gains?
No — unlike the federal system, Mississippi 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 Mississippi state treatment of capital gains. Estimates only — not tax advice.

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