Montana Crypto Tax Calculator
We built this free crypto tax calculator for residents of Montana 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.
Montana taxes capital gains at either 3% or 4.1%, depending on your total income level. To calculate Federal taxes, please use our USA tax calculator.
Have a complex trading history?
Use Koinly to import your transactions and calculate your taxes.
Calculate for freeMontana Tax Brackets (2024)
| Single Filers | Married Filing Jointly | Tax Rate |
|---|---|---|
| $0 to $20,500 | $0 to $41,000 | 3.0% |
| Over $20,500 | Over $41,000 | 4.1% |
Cryptocurrency Taxation in Montana
Key Points
- Two-Tier System: Montana taxes crypto gains at either 3% or 4.1% based on total income.
- Income-Based Rates: Tax rate depends on whether your total income exceeds $20,500 (single) or $41,000 (joint).
- Simple Structure: Unlike many states, Montana has just two tax brackets for 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. Your tax rate depends on your total income level.
Tax Planning Tips
Consider timing your crypto sales to manage your total income relative to the threshold ($20,500/$41,000) to potentially qualify for the lower 3% rate.