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Crypto & tax · VA

Virginia Crypto Tax Calculator

Estimate your 2026 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
$
$
$
$
$
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%

A $10,000 crypto gain realized in Virginia attracts about $575 in Virginia tax — a marginal rate of 5.75% — for someone otherwise earning the state median of $97,720. Federal capital-gains tax applies on top.

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

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.

Virginia taxes capital gains and crypto as ordinary income, which in practice means the 5.75% top rate for almost everyone.

Common questions

How are crypto gains taxed in Virginia?
As ordinary income: this estimate stacks the gain on your other income and runs it through the same schedule as wages — 2% to 5.75%. Any Virginia exclusion or cap on long-term gains is not applied here.
How much Virginia tax would a $10,000 crypto gain cost?
About $575 of Virginia tax, on top of federal capital-gains tax. That is the gain stacked on Virginia's $97,720 median household income (2024), where it lands in the 5.75% band.
What Virginia rate applies to my gain?
Whichever band the gain lands in once it is added to your other income — Virginia's 2026 schedule runs 2% to 5.75%, with the top rate starting at $17,000 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 Virginia's 2026 state treatment of capital gains. Estimates only — not tax advice.

Virginia Dept. of Taxation — 2026 Legislative Summary (standard deduction extended and increased, effective TY2027) →Tax Foundation: 2026 state individual income tax rates and brackets (updated Feb 11, 2026) →

More on Virginia tax

Everyday moneyWhat lands in a Virginia paycheckThe same salary split across real pay periods, after federal tax, FICA and Virginia withholding.Everyday moneyVirginia tax brackets and what you oweThe full Virginia 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 Virginia state treatment is simplified here — verify with the state Department of Revenue and a tax professional. Virginia's four-rate 2%–5.75% schedule is applied with the $8,750 standard deduction and $930 personal exemption for a single filer — not itemized deductions, exemption phase-outs, or any Virginia tax credit. It also excludes any local, county, or school-district tax your municipality may add.