What are the tax rates for capital gains on digital assets in New York City?

3 answers

• Dec 18, 2021 · 3 years ago
  The tax rates for capital gains on digital assets in New York City depend on your income bracket. If you fall into the 10% or 15% income tax brackets, the capital gains tax rate is 0%. For those in the 25%, 28%, 33%, or 35% income tax brackets, the capital gains tax rate is 15%. And if you're in the highest income tax bracket of 39.6%, the capital gains tax rate is 20%. It's important to consult with a tax professional for personalized advice based on your specific situation.
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• Dec 18, 2021 · 3 years ago
  When it comes to capital gains on digital assets in New York City, the tax rates are determined by your income level. The higher your income, the higher your tax rate. It's always a good idea to keep track of your capital gains and consult with a tax professional to ensure you're paying the correct amount of taxes.
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• Dec 18, 2021 · 3 years ago
  According to BYDFi, the tax rates for capital gains on digital assets in New York City are based on your income bracket. The rates range from 0% to 20%, depending on your income level. It's important to note that these rates may change, so it's always a good idea to stay updated with the latest tax regulations and consult with a tax professional for accurate information.
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