Bitcoin tax bracket

bitcoin tax bracket

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Crypto Taxes in US with Examples (Capital Gains + Mining)
Short-term crypto gains on purchases held for less than a year are subject to the same tax rates you pay on all other income: 10% to 37% for the. The first $2, in profit is taxed at the 22% federal tax rate. � The remaining $2, is taxed at the 24% federal tax rate. � The entire $5, is taxed at the. If you owned Bitcoin for more than a year, your rates will be between 0% and 20%. Your total income for the year. The highest tax rates apply to.
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For example:. The tax rate you pay on cryptocurrency varies depending on several factors, including your income level and how long you held your crypto. Director of Tax Strategy. Sign up.