What are the long-term capital gains tax brackets for cryptocurrency in the US?

1 answers

• Ian TannSep 08, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that the long-term capital gains tax brackets for cryptocurrency in the US are an important consideration for investors. The tax rates vary depending on your income level, with the highest tax bracket being 20%. It's crucial to keep track of your gains and losses and report them accurately on your tax return. If you're unsure about how to calculate your taxes or which tax bracket you fall into, it's always a good idea to seek advice from a qualified tax professional. Remember, paying your taxes correctly is not only a legal requirement but also helps to support the infrastructure and services provided by the government.
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