What is the long-term capital gains tax rate for crypto in 2024?

For 2024, long-term crypto gains (held ≥ 1 year) are taxed at 0% if total taxable income is under $47,025 (single) or $94,050 (married), 15% up to $518,900 (single) or $583,750 (married), and 20% above those thresholds. Short-term gains are taxed as ordinary income at 10%–37%.

Do I owe taxes if I lost money on crypto?

No — capital losses aren't taxed. You can deduct up to $3,000 in net capital losses against ordinary income per year. Losses above $3,000 carry forward to future years. If you had gains and losses in the same year, they net against each other first.

What is the 0% crypto tax bracket for 2024?

For 2024, single filers with total taxable income under $47,025 pay 0% on long-term crypto gains. Married filing jointly: $94,050. Head of household: $63,000. This means low-income earners and retirees with modest income can realize crypto gains completely tax-free.

Is moving crypto between wallets or swapping coins a taxable event?

Moving crypto between your own wallets is not taxable. However, swapping one cryptocurrency for another (e.g., BTC → ETH) IS a taxable event — the IRS treats it as selling the first coin at market value and buying the second. Only transferring to your own wallet with no exchange is non-taxable.

Crypto Tax Calculator — Bitcoin & Crypto Capital Gains | KalkWise

By the KalkWise Editorial Team Reviewed for accuracy Updated June 2026

What is the crypto tax calculator — bitcoin & crypto capital gains?

In short

Crypto is taxed as property. A $10,000 Bitcoin held over 1 year and sold for $25,000 yields a $15,000 long-term gain. On $75,000 other income (single filer), the 15% long-term rate applies — $2,250 tax owed, keeping $22,750 after tax. Short-term gains (under 1 year) are taxed as ordinary income at up to 37%.

This crypto tax calculator estimates your 2024 US capital gains tax on a single cryptocurrency sale. It applies 2024 IRS long-term (0%, 15%, 20%) or short-term (ordinary income) rates based on your holding period, filing status, and other income. It stacks your gain on top of ordinary income to place it in the correct bracket — the same method the IRS uses.

How to use this calculator

1Enter your cost basis — the original price you paid for the crypto (including fees).
2Enter your sale proceeds — what you received when selling (after fees).
3Select your holding period: long-term (held ≥ 1 year) or short-term (held < 1 year).
4Enter your other taxable income (wages, salary) for the year.
5Choose your filing status and read your capital gain, tax owed, and after-tax proceeds.

The formula

capital gain=sale proceeds−cost basis

tax owed=capital gain×rate

after-tax proceeds=sale proceeds−tax owed

Capital gain = sale proceeds − cost basis. Long-term gains are taxed at 0%, 15%, or 20% depending on total income and filing status. Short-term gains are taxed as ordinary income at your marginal rate (10%–37%). The gain is stacked on top of other income to determine which bracket applies.

cost basis: — Total price paid for the crypto, including purchase fees
sale proceeds: — Total received when selling, after transaction fees
capital gain: — Sale proceeds minus cost basis (positive = gain, negative = loss)
LT rate: — Long-term rate: 0% (low income), 15% (middle), or 20% (high income)
ST rate: — Short-term rate: your ordinary income marginal bracket (10%–37%)

Worked example

The scenario

Single filer with $75,000 salary buys $10,000 of Bitcoin, holds 14 months, sells for $25,000.

gives

The result

Capital gain = $25,000 − $10,000 = $15,000 (long-term). Total income = $75,000 + $15,000 = $90,000. The $15,000 gain lands in the 15% long-term bracket. Tax = $15,000 × 15% = $2,250. After-tax proceeds = $25,000 − $2,250 = $22,750.

Common use cases

Estimating tax before selling Bitcoin, Ethereum, or any cryptocurrency
Comparing the tax impact of selling now (short-term) vs. waiting for the 1-year mark (long-term)
Deciding how much to sell to stay in the 0% long-term capital gains bracket
Planning year-end crypto tax harvesting (realizing losses to offset gains)

Limitations & assumptions

Calculates tax on one transaction at a time — not a portfolio-level tracker.
Does not handle wash-sale rules (though currently the IRS does not apply wash-sale rules to crypto).
Net Investment Income Tax (3.8% surcharge on high earners) is not included.
State capital gains taxes vary widely and are not included in this estimate.
This is an estimate for planning purposes — consult a tax professional for your return.

Frequently asked questions

It depends on how long you held it and your other income. On a $10,000 long-term gain, a single filer with $75,000 other income pays $1,500 (15% rate). The same $10,000 as a short-term gain at the 22% bracket costs $2,200 in federal tax. Holding for at least 1 year saves $700 in this example.

Disclaimer: KalkWise calculators are provided for general informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. Results are estimates based on the figures you enter and the assumptions described above. Actual outcomes will vary. Consult a qualified professional before making financial decisions.

Your Crypto Sale