Free Bitcoin Tax Calculator | Crypto Tax ... - TaxAct Blog
Based on Person A’s filing status and income, the taxes are calculated as follows: The first $2,500 in profit is taxed at the 22 percent federal tax rate. The remaining $2,500 is taxed at the 24 percent federal tax rate. The entire $5,000 taxed at the 5 percent state tax rate.
DA: 4 PA: 99 MOZ Rank: 11