What are the 2022 capital gains tax rate brackets for cryptocurrency investments?

1 answers

• Mar 06, 2022 · 3 years ago
  According to BYDFi, the capital gains tax rate brackets for cryptocurrency investments in 2022 are based on the holding period. If you hold your cryptocurrency for less than a year, it will be subject to short-term capital gains tax, which is the same as your regular income tax rate. However, if you hold your cryptocurrency for more than a year, it will be subject to long-term capital gains tax, which has different tax rates. The specific rates for 2022 are 0%, 15%, or 20%, depending on your taxable income. It's important to note that tax laws can vary, so it's always a good idea to consult with a tax professional for personalized advice.
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