What is the long-term capital gains tax rate for cryptocurrencies in 2021?

1 answers

• Dec 25, 2021 · 3 years ago
  The long-term capital gains tax rate for cryptocurrencies in 2021 is based on your income level. If you're in the 10% or 15% tax bracket, you won't owe any taxes on your long-term capital gains. For those in the 25%, 28%, 33%, or 35% tax bracket, the tax rate is 15%. And if you're in the highest tax bracket of 39.6%, the long-term capital gains tax rate is 20%. Remember, these rates are for federal taxes in the United States, and state taxes may also apply. It's always a good idea to consult with a tax professional to understand your specific tax obligations.
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