North Dakota Crypto Tax Calculator
We built this free crypto tax calculator for residents of North Dakota 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.
North Dakota taxes capital gains at rates from 0% to 2.5%, with a special 40% deduction for long-term gains. To calculate Federal taxes, please use our USA tax calculator.
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Calculate for freeNorth Dakota Tax Brackets (2024)
Single Filers | Married Filing Jointly | Tax Rate |
---|---|---|
$0 to $44,725 | $0 to $74,750 | 0% |
$44,725 to $225,975 | $74,750 to $275,100 | 1.95% |
Over $225,975 | Over $275,100 | 2.5% |
Long-Term Capital Gains Deduction
North Dakota offers a 40% deduction for long-term capital gains (assets held for more than one year). For example, if you have $100,000 in long-term gains, only $60,000 will be subject to tax.
Cryptocurrency Taxation in North Dakota
Key Points
- Progressive Taxation: North Dakota taxes crypto gains at rates from 0% to 2.5%.
- Long-Term Benefits: 40% deduction available for long-term gains.
- Holding Period Matters: Consider holding assets for over one year to qualify for the deduction.
- Mining Income: Crypto mining is treated as self-employment income and taxed at regular income rates.
Common Tax Situations
Trading & Investment
All crypto trades are taxable events, but long-term holders can benefit from the 40% deduction. Consider your holding period when planning trades.
Tax Planning Tips
The combination of low tax rates and the 40% long-term deduction can result in very favorable tax treatment. Consider holding assets for over a year when possible to qualify for the deduction.