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Crypto & tax · MS

Mississippi Crypto Tax Calculator

Estimate your 2026 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
$
$
$
$
$
Estimated tax owedFIFO
$2,300
short-term gains$3,000
long-term gains$8,000
short-term tax$660
long-term tax$1,200
MS state tax$440
total gains
$11,000
estimated tax
$2,300
effective rate
20.9%

A $10,000 crypto gain realized in Mississippi attracts about $400 in Mississippi tax — a marginal rate of 4.00% — for someone otherwise earning the state median of $55,980. Federal capital-gains tax applies on top.

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

Crypto capital-gains tax in Mississippi

For 2026, Mississippi exempts the first $10,000 of taxable income and taxes the rest at a flat 4.0%, down from 4.4% in 2025. The Build Up Mississippi Act continues the phase-down — 3.75% is already scheduled for 2027, then annual cuts toward 3.0% by 2030, with a legislated path toward eliminating the income tax entirely.

Mississippi taxes capital gains and crypto as ordinary income, so they fall under the same $10,000 exemption and 4.0% rate as wages.

Common questions

How are crypto gains taxed in Mississippi?
As ordinary income: this estimate stacks the gain on your other income and runs it through the same schedule as wages — a single 4% rate, above Mississippi's $10,000 exempt band. Any Mississippi exclusion or cap on long-term gains is not applied here.
How much Mississippi tax would a $10,000 crypto gain cost?
About $400 of Mississippi tax, on top of federal capital-gains tax. That is the gain stacked on Mississippi's $55,980 median household income (2024), where it lands in the 4% band.
What Mississippi rate applies to my gain?
4% on whatever part of the gain sits above Mississippi's $10,000 exempt band, once the gain is added to your other income. Because there is only one rate, the size of the sale does not change the Mississippi rate — only the federal one.

How we calculate this

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

Mississippi DOR — Individual Income Tax General Information (exemptions, deductions, tax rates by year) →Tax Foundation: 2026 state individual income tax rates and brackets →

More on Mississippi tax

Everyday moneyWhat lands in a Mississippi paycheckThe same salary split across real pay periods, after federal tax, FICA and Mississippi withholding.Everyday moneyMississippi tax brackets and what you oweThe full Mississippi 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 Mississippi state treatment is simplified here — verify with the state Department of Revenue and a tax professional. Mississippi's single-rate 4% schedule is applied with the $2,300 standard deduction and $6,000 personal exemption for a single filer — not itemized deductions, exemption phase-outs, or any Mississippi tax credit. It also excludes any local, county, or school-district tax your municipality may add.