Hawaii Crypto Tax Calculator

We built this free crypto tax calculator for residents of Hawaii 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.

Hawaii taxes all capital gains at a flat rate of 7.25%, regardless of income level or holding period. To calculate Federal taxes, please use our USA tax calculator.

Total Cost of First Purchase: Amount of Sale:

Have a complex trading history?

Use Koinly to import your transactions and calculate your taxes.

Calculate for free

Hawaii Capital Gains Tax Rate (2024)

Type of Gain	Tax Rate
All Capital Gains	7.25%

Cryptocurrency Taxation in Hawaii

Key Points

Flat Rate Taxation: Hawaii applies a flat 7.25% tax rate to all capital gains.
Simplified System: Unlike other states, Hawaii's capital gains tax is not tied to income levels.
Mining Income: Crypto mining is treated as self-employment income and taxed at regular income rates, not the capital gains rate.

Common Tax Situations

Trading & Investment

All crypto trades, including crypto-to-crypto transactions, are taxable events. The flat 7.25% rate applies to all gains, regardless of holding period.

Tax Planning Tips

While Hawaii's flat rate simplifies tax planning, keep detailed records of all transactions for accurate reporting. Consider timing sales to offset gains with losses.