What are the current tax rates for long term capital gains on crypto?

3 answers

• Rudra PatelSep 02, 2022 · 3 years ago
  Sure! The tax rates for long term capital gains on cryptocurrencies depend on your income level. For individuals in the highest tax bracket, the rate is typically 20%. However, for most individuals, the rate is 15%. It's important to note that these rates may vary depending on your country of residence. Make sure to consult with a tax professional to get accurate information for your specific situation.
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• Habibulla Azim 76Aug 05, 2022 · 3 years ago
  Ah, taxes... everyone's favorite topic! When it comes to long term capital gains on crypto, the rates can be a bit tricky. Generally, the tax rates range from 0% to 20%, depending on your income level. If you're in the lower income brackets, you may even qualify for a 0% tax rate. But if you're rolling in the big bucks, you'll be looking at that 20% rate. Remember, it's always a good idea to consult with a tax advisor to ensure you're staying on the right side of the law.
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• Castillo FieldNov 19, 2021 · 4 years ago
  BYDFi here! When it comes to long term capital gains on crypto, the tax rates can vary depending on your income and filing status. For most individuals, the rates range from 0% to 20%. If you're in the lower income brackets, you may qualify for a lower tax rate or even be exempt from taxes altogether. However, if you're in the higher income brackets, you'll likely be subject to the 20% rate. Keep in mind that tax laws can change, so it's always a good idea to stay updated and consult with a tax professional for the most accurate information.
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