Crypto Tax CPAs in Texas

Texas Crypto Tax Notes

Texas is one of the most crypto-friendly states in the country. There is no state income tax, which means Texas residents only pay federal capital gains tax on crypto — not state tax.

Key rates and rules

• No state income tax: Texas does not tax crypto gains at the state level
• Federal tax still applies: 0%, 15%, or 20% federal capital gains based on income
• Business-friendly: Texas courts and regulators are more permissive toward crypto businesses

Enforcement notes

• Form 1099-DA: All US exchanges report activity to the IRS starting 2026
• Mining incentive: Texas has become a top destination for crypto mining operations