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Crypto & tax · SC

South Carolina Crypto Tax Calculator

Estimate your 2026 federal and South Carolina 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
$2,433
short-term gains$3,000
long-term gains$8,000
short-term tax$660
long-term tax$1,200
SC state tax$573
total gains
$11,000
estimated tax
$2,433
effective rate
22.1%

A $10,000 crypto gain realized in South Carolina attracts about $521 in South Carolina tax — a marginal rate of 5.21% — for someone otherwise earning the state median of $76,780. Federal capital-gains tax applies on top.

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

Crypto capital-gains tax in South Carolina

South Carolina rebuilt its income tax for 2026: H.4216 replaced the old 0% / 3% / 6% schedule with two rates — 1.99% on the first $30,000 of taxable income and 5.21% above it — applying to every filing status. The same law decoupled the state from federal deductions, so federal AGI is now the starting point and a new South Carolina Income Adjusted Deduction of $15,000 (single) or $30,000 (married filing jointly) stands in for the federal standard deduction.

Capital gains and crypto are taxed as ordinary income in South Carolina, but 44% of net long-term gains are deductible, so this estimate overstates tax on large long-term gains.

Common questions

How are crypto gains taxed in South Carolina?
As ordinary income: this estimate stacks the gain on your other income and runs it through the same schedule as wages — 1.99% to 5.21%. Any South Carolina exclusion or cap on long-term gains is not applied here.
How much South Carolina tax would a $10,000 crypto gain cost?
About $521 of South Carolina tax, on top of federal capital-gains tax. That is the gain stacked on South Carolina's $76,780 median household income (2024), where it lands in the 5.21% band.
What South Carolina rate applies to my gain?
Whichever band the gain lands in once it is added to your other income — South Carolina's 2026 schedule runs 1.99% to 5.21%, with the top rate starting at $30,000 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 South Carolina's 2026 state treatment of capital gains. Estimates only — not tax advice.

South Carolina Department of Revenue — Information about H. 4216 →South Carolina Legislature — 2025-2026 Bill 4216 (Act No. 110, signed March 30, 2026) →Tax Foundation: State Individual Income Tax Rates and Brackets, 2026 →

More on South Carolina tax

Everyday moneyWhat lands in a South Carolina paycheckThe same salary split across real pay periods, after federal tax, FICA and South Carolina withholding.Everyday moneySouth Carolina tax brackets and what you oweThe full South Carolina 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 South Carolina state treatment is simplified here — verify with the state Department of Revenue and a tax professional. South Carolina's two-rate 1.99%–5.21% schedule is applied with the $15,000 standard deduction for a single filer — not itemized deductions or any South Carolina tax credit. It also excludes any local, county, or school-district tax your municipality may add.