What is the current crypto capital gains tax rate in the United States?

3 answers

• Upchurch HyldgaardJul 10, 2024 · a year ago
  The current capital gains tax rate for cryptocurrencies in the United States varies depending on your income level and the length of time you held the assets. For individuals in the highest tax bracket, the long-term capital gains tax rate is 20%, while the short-term capital gains tax rate is the same as your ordinary income tax rate. It's important to consult with a tax professional to ensure you accurately report and pay your capital gains taxes on cryptocurrency transactions.
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• SolracSlayerSep 18, 2020 · 5 years ago
  The crypto capital gains tax rate in the United States is subject to change and can be quite complex. As of now, the long-term capital gains tax rate for cryptocurrencies is typically 15% for most individuals, but it can go up to 20% for high-income earners. Short-term capital gains are taxed at your ordinary income tax rate, which can range from 10% to 37%. It's always a good idea to consult with a tax advisor or accountant to understand your specific tax obligations and ensure compliance with the current tax laws.
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• Abdo ManFeb 29, 2024 · 2 years ago
  According to BYDFi, a popular cryptocurrency exchange, the current capital gains tax rate for cryptocurrencies in the United States is 15% for long-term gains and the same as your ordinary income tax rate for short-term gains. However, it's important to note that tax laws can change, and it's always advisable to consult with a tax professional to get the most up-to-date information and guidance on your specific tax situation.
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