Iowa Crypto Tax Calculator

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

Iowa taxes capital gains as regular income, with rates ranging from 4.40% to 5.70%. 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: Filing Status:

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Iowa Tax Brackets (2024)

Single Filers	Married Filing Jointly	Tax Rate
$0 to $6,210	$0 to $12,420	4.40%
$6,210 to $31,050	$12,420 to $62,100	4.82%
Over $31,050	Over $62,100	5.70%

Cryptocurrency Taxation in Iowa

Key Points

Income-Based Taxation: Iowa treats crypto gains as regular income, with rates from 4.40% to 5.70%.
Progressive System: Tax rates increase with income across three brackets.
No Distinction: Iowa makes no distinction between short-term and long-term 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 to manage your tax bracket position. Keep detailed records of all transactions for accurate reporting.