What are the current tax rates for long-term capital gains on cryptocurrency in New York State?

1 answers

• AJAY BOOPATHY K ECEDec 22, 2020 · 5 years ago
  As an expert in the field, I can tell you that the current tax rates for long-term capital gains on cryptocurrency in New York State are as follows: 0% for those in the 10% or 15% income tax bracket, 15% for those in the 25%, 28%, 33%, or 35% income tax bracket, and 20% for those in the highest income tax bracket of 39.6%. These rates are subject to change, so it's important to stay informed and consult with a tax professional for the most accurate and up-to-date information.
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