What are the tax rates for long-term capital gains on cryptocurrencies in 2021?

5 answers

• not_so_coderJul 22, 2022 · 3 years ago
  The tax rates for long-term capital gains on cryptocurrencies in 2021 depend on your income level. If you fall into the 10% or 15% tax bracket, the long-term capital gains tax rate is 0%. For those in the 25%, 28%, 33%, or 35% tax brackets, the rate is 15%. And if you are in the highest tax bracket of 39.6%, the long-term capital gains tax rate is 20%. It's important to consult with a tax professional to ensure you understand and comply with the tax laws.
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• Furkan TemelSep 11, 2023 · 2 years ago
  When it comes to long-term capital gains on cryptocurrencies in 2021, the tax rates are progressive. This means that the rate increases as your income level rises. The lowest tax rate is 0% for those in the 10% or 15% tax brackets, while the highest rate is 20% for individuals in the 39.6% tax bracket. It's crucial to keep track of your cryptocurrency transactions and report them accurately to the IRS to avoid any penalties or legal issues.
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• Harman -Sep 05, 2021 · 4 years ago
  According to BYDFi, a leading digital currency exchange, the tax rates for long-term capital gains on cryptocurrencies in 2021 are determined by your income level. If you fall into the 10% or 15% tax bracket, you won't owe any taxes on your long-term capital gains. However, if you are in a higher tax bracket, such as 25% or above, you will be subject to a 15% or 20% tax rate, respectively. It's always a good idea to consult with a tax professional to ensure you are aware of the latest tax laws and regulations.
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• jb1zFeb 07, 2025 · 5 months ago
  The tax rates for long-term capital gains on cryptocurrencies in 2021 vary depending on your income level. If you are in the lower tax brackets, such as 10% or 15%, you may not owe any taxes on your long-term capital gains. However, if you fall into the higher tax brackets, such as 25% or above, you will be subject to a 15% or 20% tax rate, respectively. It's important to note that tax laws can change, so it's always a good idea to consult with a tax professional or accountant for the most up-to-date information.
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• the_confused_oneDec 11, 2024 · 7 months ago
  The tax rates for long-term capital gains on cryptocurrencies in 2021 are based on your income level. If you are in the lower tax brackets, such as 10% or 15%, you may not owe any taxes on your long-term capital gains. However, if you fall into the higher tax brackets, such as 25% or above, you will be subject to a 15% or 20% tax rate, respectively. It's important to keep track of your cryptocurrency transactions and consult with a tax professional to ensure you are compliant with the tax laws in your country.
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