Alabama Crypto Tax Calculator
We built this free crypto tax calculator for residents of Alabama 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.
Alabama taxes both short-term and long-term gains at the same rate. To calculate Federal taxes, please use our USA tax calculator.
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Calculate for freeHow to Use the Tax Calculator
- Enter your total income: This should be your annual income excluding any capital gains from crypto.
- Enter the Total Cost of First Purchase: This is the initial amount you spent to buy the cryptocurrency.
- Enter the Amount of Sale: This is the total amount you received when you sold the cryptocurrency.
- Select your Filing Status: Choose from the dropdown based on your tax filing status.
- Click on the Calculate Tax button to get the estimated tax on your capital gains.
Note: This is an estimation and may not reflect your actual tax liability. Always consult with a tax professional when filing your taxes.
Alabama State Tax Brackets (2024)
| Single Filers | Married Filing Jointly | Tax Rate |
|---|---|---|
| $0 to $500 | $0 to $1,000 | 2% |
| $500 to $3,000 | $1,000 to $6,000 | 4% |
| $3,000 or more | $6,000 or more | 5% |