Crypto & tax · NY
New York Crypto Tax Calculator
Estimate your 2025 federal and New York 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
$2,477
short-term gains$3,000
long-term gains$8,000
short-term tax$660
long-term tax$1,200
NY state tax$617
total gains
$11,000
estimated tax
$2,477
effective rate
22.5%
Crypto capital-gains tax in New York
New York taxes capital gains and crypto as ordinary income, from 4% up to 10.9%. Residents of New York City owe an additional city income tax (roughly 3–3.9%) that this calculator does not include.
Common questions
How is crypto taxed in New York?
At the federal level, crypto is property and gains are taxed as short- or long-term capital gains. At the state level, New York taxes crypto capital gains as ordinary income — the same rate as your wages, with no long-term discount.
Does New York have a lower rate for long-term crypto gains?
No — unlike the federal system, New York 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 New York state treatment of capital gains. Estimates only — not tax advice.
Estimates for general informational purposes only; not tax advice. Crypto tax rules are complex and New York state treatment is simplified here — verify with the state Department of Revenue and a tax professional.