Georgia Crypto Tax Calculator
We built this free crypto tax calculator for residents of Georgia who want to check calculations quickly. Our calculator is for informational purposes only. Please consult a CPA or tax professional. Use cryptocurrency tax accounting software if you have lots of trades.
Georgia taxes capital gains as regular income, with rates ranging from 1% to 5.75%. To calculate Federal taxes, please use our USA tax calculator.
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Calculate for freeGeorgia Tax Brackets (2024)
| Single Filers | Married Filing Jointly | Tax Rate |
|---|---|---|
| $0 to $750 | $0 to $1,000 | 1% |
| $750 to $2,250 | $1,000 to $3,000 | 2% |
| $2,250 to $3,750 | $3,000 to $5,000 | 3% |
| $3,750 to $5,250 | $5,000 to $7,000 | 4% |
| $5,250 to $7,000 | $7,000 to $10,000 | 5% |
| Over $7,000 | Over $10,000 | 5.75% |
Cryptocurrency Taxation in Georgia
Key Points
- Income-Based Taxation: Georgia treats crypto gains as regular income, with rates from 1% to 5.75%.
- No Distinction: Georgia makes no distinction between short-term and long-term capital gains.
- Mining Income: Crypto mining is treated as self-employment income and taxed at regular income rates.
Common Tax Situations
Trading & Investment
All crypto trades, including crypto-to-crypto transactions, are taxable events. Gains are taxed based on your total income bracket.
Tax Planning Tips
Consider timing your crypto sales across tax years to manage your tax bracket position. Keep detailed records of all transactions.