What is the current crypto tax bracket in the United States?
Rica Mae Dacanay BaliliDec 27, 2021 · 3 years ago1 answers
Can you provide information on the current tax brackets for cryptocurrencies in the United States?
1 answers
- Dec 27, 2021 · 3 years agoWhen it comes to crypto tax brackets in the United States, the rates are determined by your income tax bracket. If you fall into the 10% or 12% bracket, you'll pay a 0% tax rate on your crypto gains. For those in the 22% to 35% brackets, the tax rate is 15%. And if you're in the highest bracket of 37%, the tax rate on your crypto gains is 20%. Remember to consult with a tax professional to ensure you're following the latest regulations and guidelines.
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