Cryptocurrency Capital Gains Tax
Short-Term Capital Gains
Tax Rates
The federal tax rate on short-term capital gains for cryptocurrency held for less than a year ranges from 0% to 37%, depending on the taxpayer's income and filing status.
For individual taxpayers, the short-term capital gains tax rates are:
- 0% for taxable income up to $40,400
- 15% for taxable income over $40,400 but not over $445,850
- 20% for taxable income over $445,850 but not over $501,900
- 25% for taxable income over $501,900 but not over $559,150
- 35% for taxable income over $559,150 but not over $1,518,450
- 37% for taxable income over $1,518,450
For married couples filing jointly, the short-term capital gains tax rates are:
- 0% for taxable income up to $80,800
- 15% for taxable income over $80,800 but not over $501,900
- 20% for taxable income over $501,900 but not over $559,150
- 25% for taxable income over $559,150 but not over $616,300
- 35% for taxable income over $616,300 but not over $1,518,450
- 37% for taxable income over $1,518,450
Long-Term Capital Gains
Tax Rates
The long-term capital gains tax rates for cryptocurrency held for more than a year are lower than the short-term capital gains tax rates. The long-term capital gains tax rates are:
- 0% for taxable income up to $40,400
- 15% for taxable income over $40,400 but not over $445,850
- 20% for taxable income over $445,850
For married couples filing jointly, the long-term capital gains tax rates are:
- 0% for taxable income up to $80,800
- 15% for taxable income over $80,800 but not over $501,900
- 20% for taxable income over $501,900
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