Massachusetts Crypto Tax Calculator

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

Massachusetts taxes short-term gains at 8.50% and long-term gains at 5.00%, with an additional 4% surtax on income over $1 million. To calculate Federal taxes, please use our USA tax calculator.

Enter your total income (without capital gains): Total Cost of First Purchase: Amount of Sale: Holding Period:

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Massachusetts Capital Gains Tax Rates (2024)

Type of Gain	Base Rate	Rate with Surtax*
Short-term (< 1 year)	8.50%	12.50%
Long-term (≥ 1 year)	5.00%	9.00%

* Surtax of 4% applies to total income over $1 million

Cryptocurrency Taxation in Massachusetts

Key Points

Holding Period Matters: Massachusetts distinguishes between short-term (8.50%) and long-term (5.00%) gains.
Millionaire Surtax: Additional 4% tax on income (including gains) over $1 million.
Maximum Rates: Effective rates can reach 12.50% for short-term and 9.00% for long-term gains.
Mining Income: Crypto mining is treated as self-employment income and taxed at regular income rates.

Common Tax Situations

Trading & Investment

Consider holding periods when trading. Long-term gains receive significantly better tax treatment (5.00% vs 8.50%).

Tax Planning Tips

If your total income is approaching $1 million, carefully plan your crypto sales to manage exposure to the 4% surtax. Consider spreading large gains across tax years.