Crypto Staking Tax Calculator 2026 β Staking, Mining & Airdrop Income
Calculate federal and state income tax on crypto staking rewards, mining income, airdrops, and DeFi yield farming. Includes self-employment tax for mining businesses.
Tax Breakdown & Income Type Details
How Crypto Staking & Mining Income Is Taxed
The IRS treats all cryptocurrency received as income β from staking, mining, airdrops, or DeFi β as ordinary income at the fair market value (FMV) at the time you receive it (IRS Rev. Rul. 2023-14). This income is added to your other income and taxed at your marginal federal rate.
Mining is unique: if you operate as a trade or business, you also owe self-employment tax (15.3% on net earnings up to the SS wage base, 2.9% above). Business miners can deduct equipment and electricity costs on Schedule C. Staking, airdrops, and DeFi yield are generally passive income β no SE tax, but also fewer deduction opportunities.
The Formula
Federal Tax = Marginal Rate Γ Crypto Income (stacked on other income)
SE Tax = 15.3% Γ 92.35% Γ Net Mining Income (if business, up to $184,500)
State Tax = State Rate Γ Crypto Income
Total Tax = Federal + SE Tax + State Tax
Example
Total income: $75,000 + $15,000 = $90,000 | Taxable: $90,000 β $15,000 deduction = $75,000
Federal tax on staking portion (22% bracket): $15,000 Γ 22% = $3,300
SE tax: $0 (staking is not self-employment)
State tax: $15,000 Γ 5% = $750
Total tax on staking: $4,050 | Effective rate: 27%
Annual Staking Income Tracker
Enter monthly staking rewards with FMV at receipt β calculate total annual taxable income accounting for price fluctuations
Enter your monthly staking rewards at the FMV when received. This accounts for price fluctuations throughout the year β rewards received at higher prices create higher taxable income.
| Month | Rewards Received (tokens) | FMV per Token ($) | USD Value |
|---|
Total annual taxable amount is carried to the main calculator β change the FMV inputs above to model different price scenarios throughout the year.