What are the 2022 capital gains tax brackets for cryptocurrency investments?

1 answers

• McKee RandolphJan 28, 2023 · 3 years ago
  As an expert in the field, I can tell you that the capital gains tax brackets for cryptocurrency investments in 2022 are quite straightforward. Individuals with an income of up to $40,000 are exempt from capital gains tax. For those with an income between $40,001 and $441,450, the tax rate is 15%. And for individuals with an income above $441,450, the tax rate is 20%. It's important to note that these rates apply to long-term capital gains. Short-term gains are subject to ordinary income tax rates. If you have any further questions, feel free to ask!
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