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Crypto & tax · WA

Washington Crypto Tax Calculator

Estimate your 2025 federal and Washington 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
$1,860
short-term gains$3,000
long-term gains$8,000
short-term tax$660
long-term tax$1,200
WA state tax$0
total gains
$11,000
estimated tax
$1,860
effective rate
16.9%

Crypto capital-gains tax in Washington

Washington has no income tax on wages. However, it taxes long-term capital gains above a $278,000 annual deduction (2025) at 7%, with a 2.9% surtax on taxable gains above $1 million — this can apply to large crypto or stock sales, though most filers fall under the threshold.

Washington levies a 7% tax on long-term capital gains above a $278,000 annual deduction (2025, indexed), plus a 2.9% surtax on taxable gains above $1 million (a 9.9% top rate, added retroactively for 2025 by SB 5813). Real estate and retirement accounts are exempt.

Common questions

How is crypto taxed in Washington?
At the federal level, crypto is property and gains are taxed as short- or long-term capital gains. At the state level, Washington levies a 7% tax on long-term capital gains above a $278,000 annual deduction (2025, indexed), plus a 2.9% surtax on taxable gains above $1 million (a 9.9% top rate, added retroactively for 2025 by SB 5813). Real estate and retirement accounts are exempt.
Does Washington have a lower rate for long-term crypto gains?
Washington has no state income tax, so there's no separate state rate at all — only the federal 0/15/20% long-term rates apply.

How we calculate this

Federal lot-matching per our crypto-tax methodology, plus 2025 Washington state treatment of capital gains. Estimates only — not tax advice.

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