2023 Tax on Bitcoin Trades:
short-term trades (less than a year)
-gains will add to w2 income
-could go into higher tax bracket
long-term trades
-gains tax range from 0 to 20% depending on income and marital status
-single: 0% rate up to $41,675;
15% rate $41,676 to $459,750
20% rate over $459,750
-married filing jointly:
0% rate up to $83,350
15% $83,351 to $517,200
20% rate over $517,200
it pays to HODL your Bitcoin