Capital Gains Tax Calculator — 2024 Short & Long-Term Rates

Short-term capital gains (assets held 1 year or less) are taxed as ordinary income at your regular tax bracket rate (up to 37%). Long-term capital gains (assets held more than 1 year) are taxed at preferential rates of 0%, 15%, or 20% depending on your taxable income. Holding an asset for at least one year and one day can significantly reduce your tax burden.

Yes. The IRS treats cryptocurrency as property, not currency. Buying and selling crypto triggers capital gains tax. Short-term crypto gains (held under 1 year) are taxed as ordinary income. Long-term crypto gains (held over 1 year) get preferential 0%, 15%, or 20% rates. Mining, staking rewards, and crypto received as payment are taxed as ordinary income.

High-income taxpayers may owe an additional 3.8% Net Investment Income Tax on capital gains. For 2024, this applies to single filers with income above $200,000 and married filing jointly above $250,000. This means some taxpayers effectively pay 23.8% on long-term gains instead of 20%.

Yes. Capital losses offset capital gains dollar for dollar. If losses exceed gains, you can deduct up to $3,000 of net capital losses against ordinary income per year. Additional losses carry forward to future tax years indefinitely. This strategy is called tax-loss harvesting and is commonly used in portfolio management.