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Crypto & tax · VA

Virginia Crypto Tax Calculator

Estimate your 2025 federal and Virginia 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
$2,492
short-term gains$3,000
long-term gains$8,000
short-term tax$660
long-term tax$1,200
VA state tax$632
total gains
$11,000
estimated tax
$2,492
effective rate
22.7%

Crypto capital-gains tax in Virginia

Virginia's brackets haven't been updated in decades, so nearly all taxpayers pay the top 5.75% rate, which starts at just $17,000 of taxable income for every filing status. The 2025 state budget raised the standard deduction to $8,750 single / $17,500 joint beginning with tax year 2025, and each filer also gets a $930 personal exemption. Capital gains are taxed as ordinary income.

Common questions

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

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